Laws of New York (Last Updated: November 21, 2014) |
CCO Cooperative Corporations |
Article 2. FORMATION AND DISSOLUTION OF COOPERATIVE CORPORATIONS; CLASSES; POWERS; BY-LAWS |
Section 10. Classes of corporations
Latest version.
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A cooperative corporation shall be either stock or non-stock. A stock cooperative shall issue to members shares of stock evidencing membership and may issue, to members or others, shares of stock of a different class or classes not evidencing membership.