General Laws of Massachusetts - Chapter 157 Co-operative Corporations
- Massachusetts General Laws - Co-operative business corporation - Chapter 157, Section 1
A corporation may be organized under chapter one hundred and fifty-six B, with shares having par value, for the purpose of co-operation in carrying on...
- Massachusetts General Laws - Distribution of earnings or profits; sinking fund; limitation upon shares held - Chapter 157, Section 2
Such corporation shall distribute its earnings or profits among its workmen, purchasers and stockholders at such times and in such manner as its by-laws prescribe,...
- Massachusetts General Laws - Co-operative agricultural, dairy or mercantile associations; name - Chapter 157, Section 3
Seven or more persons, residents of the commonwealth, may associate themselves as a corporation, association, society, company or exchange, to conduct within the commonwealth any...
- Massachusetts General Laws - Repealed, 1983, 574, Sec. 14 - Chapter 157, Section 3A
Repealed, 1983, 574, Sec.
- Massachusetts General Laws - Direct-charge cooperatives - Chapter 157, Section 3B
Seven or more persons, residents of the commonwealth, may associate themselves as a corporation, association, society or company engaging in cooperative purchasing of goods for...
- Massachusetts General Laws - Capital stock; powers; by-laws; meetings - Chapter 157, Section 4
The capital stock of a co-operative corporation formed under section three, three A or three B shall not be less than one hundred dollars nor...
- Massachusetts General Laws - Investment of reserve fund - Chapter 157, Section 5
At any regular meeting, or at any duly called special meeting, at which a majority of its stockholders are present, a corporation formed under section...
- Massachusetts General Laws - Apportionment of earnings - Chapter 157, Section 6
The directors of every corporation formed under section three or under section three A shall apportion its earnings in the following manner: 1. They shall...
- Massachusetts General Laws - Acceptance of provisions relating to agricultural, dairy or mercantile associations; approval - Chapter 157, Section 7
Any co-operative association now organized by law in the commonwealth for any of the purposes mentioned in section three, and qualified so to do, may...
- Massachusetts General Laws - Use of word co-operative in connection with other businesses; penalty - Chapter 157, Section 8
Any person, partnership, association or corporation, domestic or foreign, except employee cooperatives organized under chapter one hundred and fifty-seven A and co-operative banks and corporations...
- Massachusetts General Laws - Fee for filing articles of organization - Chapter 157, Section 9
The fee for filing the articles of organization required by section three or three A or three B, including the issuing by the state secretary...
- Massachusetts General Laws - Agricultural, horticultural and other co-operative corporations incorporated without capital stock; method of organization; rights and powers of members - Chapter 157, Section 10
Agricultural and horticultural associations engaged in any branch of agriculture, horticulture, viticulture, forestry, dairying, the raising of livestock or poultry and any other farming activity...
- Massachusetts General Laws - Powers of corporations organized under Sec. 10 - Chapter 157, Section 11
Any corporation organized under the preceding section shall have power to mortgage or pledge its real or personal property and to issue promissory notes or...
- Massachusetts General Laws - First meeting; selection of directors - Chapter 157, Section 12
The first meeting of the corporation shall be held within six months after the execution of the articles of organization. If the directors of the...
- Massachusetts General Laws - Scope of by-laws; amendment or repeal of by-law - Chapter 157, Section 13
In addition to the powers granted by section sixteen of chapter one hundred and fifty-six B, any corporation organized under section ten may provide in...
- Massachusetts General Laws - Membership - Chapter 157, Section 14
Membership in such corporations shall be limited to persons engaged in the production of products which are handled or to be handled by the corporation,...
- Massachusetts General Laws - Amendment or alteration of articles of organization - Chapter 157, Section 15
Any such corporation may amend or alter its articles of organization in the manner provided by sections seventy to seventy-two, inclusive, of chapter one hundred...
- Massachusetts General Laws - Marketing contracts between corporation and members - Chapter 157, Section 16
Any such corporation may enter into marketing contracts with its members by which the members shall agree to sell, for any period of time not...
- Massachusetts General Laws - Marketing contracts; provisions for liquidated damages; injunction for breach - Chapter 157, Section 17
The marketing contract may fix as liquidated damages specific sums to be paid by a member upon breach of the provisions of said contract requiring...
- Massachusetts General Laws - Taxation; filing fees - Chapter 157, Section 18
A corporation organized under the provisions of section ten, and any corporation, association or organization now or hereafter established, organized or chartered without capital stock...
Last modified: September 11, 2015