Sec. 10.15.595. Definitions.

142 words·~1 min read·/ak/title-10/chapter-15/10-15-595

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

In this chapter, unless the context otherwise requires,

(1)“articles” means articles of incorporation;

(2)“board” means board of directors;

(3)“commissioner” means the commissioner of commerce, community, and economic development;

(4)“cooperative” means a cooperative corporation subject to the provisions of this chapter;

(5)“corporation” means a corporation that is not a cooperative;

(6)“court” means superior court;

(7)“department” means the Department of Commerce, Community, and Economic Development;

(8)“foreign cooperative” means a cooperative corporation organized under laws other than the laws of this state;

(9)“member” means a person who has been qualified and accepted for membership in a cooperative;

(10)“membership stock” means a class of stock, continuous ownership of which is required for membership in a cooperative;

(11)“shareholder” means a holder of shares of capital stock of a cooperative other than membership stock.