R.I. Gen. Laws tit. 7, ch. 8 – Consumers’ Cooperatives | Midpage

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Rhode Island General Laws

Chapter 7-8

R.I. Gen. Laws tit. 7, ch. 8

Consumers’ Cooperatives

7-8-1Short title 7-8-2Definitions 7-8-3Authorized purposes 7-8-4Application of general corporation law 7-8-5Federation and cooperation between associations 7-8-6Contents of articles of association 7-8-7Name of association 7-8-8Fee payable to secretary of state by nonstock corporation 7-8-9Amendment of articles 7-8-10Contents of bylaws 7-8-11Meetings of members 7-8-12Voting rights 7-8-13Proxy and mail votes 7-8-14Mail voting included in statutory provisions 7-8-15Apportionment of directors among units 7-8-16Restriction on dividends 7-8-17Membership of organizations — Payment of capital as prerequisite to membership 7-8-18Share and membership certificates 7-8-19Application of corporation and franchise taxes to associations without stock 7-8-20Association’s preemptive right to repurchase shares 7-8-21Transfer of holdings 7-8-22Recall of shares 7-8-23Impairment of solvency prohibited 7-8-24Expulsion of members 7-8-25Exemption of holdings from attachment 7-8-26Apportionment of net savings 7-8-27Contents of annual report 7-8-28Distribution of assets on dissolution 7-8-29Bonding of officers and employees 7-8-30Annual audit of books 7-8-31Exemption from securities law 7-8-32Acceptance of chapter by cooperatives formed under other law 7-8-33Use of word “cooperative”7-8-34Inapplicable law 7-8-35Severability