34:17-2. Certificate of association; contents

174 words·~1 min read·/nj/title-34/chapter-17/34-17-2

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

The certificate of association shall set forth:

a. The name assumed to designate such society and to be used in its business and dealings, which name shall have the word "co-operative" as a distinguishing part thereof, but shall in no respect be similar to that of any other society organized under this chapter;

b. The place or places in this state where the business of the society is to be conducted; and the location of its principal office;

c. The objects for which the society is formed;

d. The total amount of capital stock of the society, the number of shares into which the same is divided, the par value of each share, the manner in which the installments on the shares shall be paid, the number of shares subscribed, and the amount actually paid in cash on account of the same;

e. The terms of admission of members;

f. The mode of application of profits; and

g. The mode of altering and amending the certificate of association and the by-laws of the society.