Each certificate of stock of a cooperative must bear the manual or facsimile signature of a principal officer and must include the following information:
(1) the name of the cooperative, number and class of the shares represented by the certificate, the par value of each share or a statement that the shares are without par value, and if the shares are membership stock, that designation;
(2) any restrictions on the issuance or transfer of the shares;
(3) if more than one class of stock is authorized or if stock is authorized in a cooperative that requires a membership fee of its members, designation of the several classes of stock and the respective preferences, limitations, and relative rights of the classes; instead of a full statement, the information required by this paragraph may be given in summary form.
Section: Previous 10.15.035 10.15.040 10.15.045 10.15.050 10.15.055 10.15.060 10.15.065 10.15.070 10.15.075 10.15.080 10.15.085 10.15.090 10.15.095 10.15.100 10.15.105 NextLast modified: November 15, 2016