Public-domain · open source
OpenJurist

Ohio Cooperative Law

Ohio · Ohio Cooperative Law · §§ 1729.01 to 1729.99 · 53 sections

Overview

This act governs the formation, structure, and internal governance of cooperative associations, restricting use of the term "cooperative" to entities organized under its terms and setting out how one comes into existence — incorporators, corporate name, articles of incorporation and their amendment, bylaws, and the filings, registered office, and annual renewal that maintain that existence. It defines the powers a cooperative may exercise and divides control between a governing board and the membership, covering the number, election, district apportionment, removal, and replacement of directors, their standard of conduct and the limits on their liability, the appointment of officers, and the calling and noticing of regular and special members' meetings. It further addresses capital structure through stock and nonstock organization and its interaction with securities regulation, the grouping and obligations of members, the treatment of cooperatives formed elsewhere, and rules tailored to particular sectors, including agricultural marketing, electric, telecommunications purchasing, and health care cooperatives.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

Enacted in other states

Minnesota

All Ohio named statutes →

Download

Copy

Embed on your site

Hover to preview · click to copy the code

Search Wikipedia →