10-2067. Nonprofit operation
55 words·~1 min read·
/az/title-10/10-2067A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A cooperative shall be operated on a nonprofit basis for the mutual benefit of its members and patrons. The by-laws of a cooperative or its contracts with consumers shall contain such provisions relative to the disposition of revenues and receipts as may be necessary and appropriate to establish and maintain its nonprofit and cooperative character.