Code of Virginia - Title 13.1 Corporations - Chapter 3 Cooperative Associations

13.1-301 Organization of cooperative associations; purposes; name; par value stock required
Any number of persons, not less than five, may, under the provisions of Article 3 (§ 13.1-618 et seq.) of Chapter 9 of this title ...

13.1-301.1 Amendments to articles of incorporation
An association may amend its articles of incorporation by the affirmative vote of two-thirds of the members voting thereon at any regular meeting, or at ...

13.1-301.2 Adoption, change or repeal of bylaws; subject matter
The board of directors or members of the association, before commencing business, shall adopt bylaws not inconsistent with law or its articles of incorporation, and ...

13.1-302 Limitation of individual stockholding
No holder of common stock in any stock cooperative association shall own shares of a greater par value than $1,000, except as hereinafter provided, or ...

13.1-303 Investment in other stock
At any regular meeting or any regularly called special meeting of a stock cooperative association at which at least a majority of all its stockholders ...

13.1-304 Purchase of business by issue of shares of stock
Whenever any stock cooperative association shall purchase the business of another association, person or persons, it may pay for the same in whole or in ...

13.1-305 Rights of subscribers before full payment
Certificates of stock of a stock cooperative association shall not be issued to any subscriber until fully paid, but the bylaws of the association may ...

13.1-306 Distribution of earnings
The net earnings and profits of an association organized pursuant to § 13.1-301 shall be apportioned, distributed and applied as the association may at any ...

13.1-307 Permissible limitation of stock ownership or voting rights
Any cooperative association may, either in its charter or by bylaws, provide and require that no membership or share of its stock shall be issued ...

13.1-308 Limitation of use of "cooperative" in corporate name
A. No corporation or association organized or doing business for profit in this Commonwealth shall be entitled to use the term "cooperative" as part of ...

13.1-309 Other cooperatives may come under article
Any cooperative marketing association or corporation incorporated under Article 2 (§ 13.1-312 et seq.) of this chapter, or under the general corporation laws of this ...

13.1-309.1 Foreign cooperatives
A foreign cooperative whose purpose shall include one or more of the purposes recognized for domestic cooperatives under this title or any other title of ...

13.1-310 Cooperative associations may give certain liens on rotating stocks
Any cooperative association or corporation organized under the laws of this Commonwealth, or under the laws of the United States, or qualifying as a cooperative ...

13.1-311 Taxation
Every cooperative association, society, company and exchange created under the provisions of this article and every cooperative marketing association or corporation and every general corporation ...

13.1-311.1 Provisions relating to dissolution of and revocation of certificates of associations
Those provisions of the Virginia Stock Corporation Act (§ 13.1-601 et seq.) and the Virginia Nonstock Corporation Act (§ 13.1-801 et seq.) relating, respectively, to ...

13.1-312 Description unavailable
Not set out. (1956, c. 428.) ...

13.1-313 Definitions
As used in this Act, unless the context or subject matter requires otherwise: (a) "Agricultural products" include livestock and livestock products, dairy products, poultry and ...

13.1-314 Qualification of incorporators
Five or more individuals, engaged in agriculture as bona fide producers of agricultural products, or two or more associations of such producers, may form an ...

13.1-315 Purposes
Such association may be organized for the purpose of engaging in any cooperative activity for producers of agricultural products in connection with: (a) Producing, assembling, ...

13.1-316 Articles of incorporation
Articles of incorporation shall be signed in triplicate by each of the incorporators and acknowledged by them, if natural persons, and, if associations, by the ...

13.1-317 Filing and recording articles of incorporation
(a) Triplicate originals of the articles of incorporation, duly signed and acknowledged together with the filing fee required to be paid, shall be delivered to ...

13.1-318 Amendments to the articles of incorporation
An association may amend its articles of incorporation by the affirmative vote of two-thirds of the members voting thereon at any regular meeting, or at ...

13.1-319 Bylaws
The board of directors or members of the association, before commencing business, shall adopt bylaws not inconsistent with law or its articles of incorporation, and ...

13.1-320 Powers
A. An association shall have the capacity to act possessed by natural persons, but such association shall have authority to perform only such acts as ...

13.1-321 Members
(a) An association may admit as members only bona fide producers of agricultural products, including tenants and landlords receiving a share of the crop, and ...

13.1-322 Membership or voting stock certificates; transfers; dividends; nonvoting stock
A. No certificate for membership or stock shall be issued until fully paid for, but promissory notes may be accepted by the association as full ...

13.1-323 General and special meetings; how called
After the incorporation of an association the members thereof shall hold an organization meeting at a time and place fixed by the board of directors ...

13.1-324 Directors generally; executive committee
(a) The business of the association shall be managed by a board of not less than five directors. The directors, with the exception of the ...

13.1-325 Removal of director
Any member may ask for the removal of an elected director by filing charges with the secretary or president of the association, together with a ...

13.1-326 Officers generally
The board shall elect a president, a secretary and a treasurer, and may elect one or more vice-presidents, and such other officers as may be ...

13.1-327 Removal of officer
Any member may bring charges of misconduct or incompetency against an officer by filing them with the secretary or president of the association, together with ...

13.1-328 Referendum
The articles of incorporation or bylaws may provide that upon demand of two-fifths of all the directors, any matter that has been approved or passed ...

13.1-329 Marketing contracts; enforcement; inducing breach; spreading false reports
(a) An association and its members may make and execute marketing contracts, requiring the members to sell, for any period of time, not over ten ...

13.1-330 Recordation of marketing contracts
(a) Whenever any body of agricultural producers, cooperative corporation composed of agricultural producers or cooperative marketing association incorporated under the laws of this Commonwealth, or ...

13.1-331 Associations are not in restraint of trade
(a) No association complying with the terms hereof shall be deemed to be a conspiracy, or a combination in restraint of trade, or an illegal ...

13.1-332 Voluntary dissolution
(a) (1) The members of an association may at any regular meeting or any special meeting called for the purpose, upon thirty days' notice of ...

13.1-333 Description unavailable
Repealed by Acts 1989, c. 465. ...

13.1-333.1 Annual reports
Each association subject to this chapter within six months after the close of its fiscal year shall transmit to each of its members an annual ...

13.1-334 Application to existing associations
(a) This Act shall be applicable to any existing association formed under or which has adopted the provisions of the Agricultural Cooperative Association Act, Chapter ...

13.1-335 Saving clause
This Act shall not impair or affect any act done, offense committed or right accruing, accrued or acquired, or liability, penalty, forfeiture or punishment incurred ...

13.1-336 Limitations of the use of the word "cooperative."
A. No person, firm, corporation or association, domestic or foreign, hereafter commencing business in this Commonwealth shall use the word "cooperative" or any abbreviation thereof, ...

13.1-337 Foreign associations
A foreign corporation that can qualify as an association, as defined in § 13.1-313, may be authorized to do business in this Commonwealth under the ...

13.1-338 Purchasing business of other associations, persons, firms or corporations; stock issued
Whenever an association organized hereunder with preferred capital stock shall purchase the stock or any property, or any interest in any property of any person, ...

13.1-339 Merger or consolidation
Associations shall have the power to merge or consolidate with any other like associations. Such merger or consolidation shall be effected in accordance with the ...

13.1-340 Sale, mortgage or other disposition of assets
The sale, lease, exchange, mortgage, pledge or other disposition of all, or substantially all, the property and assets of an association, when made in the ...

13.1-341 Taxes
Nothing in this article shall be construed as exempting any association from the payment of license, income, property or other taxes, state and local; and ...

13.1-342 Description unavailable
Reserved. ...

13.1-343 Application of general corporation laws
The provisions of the Virginia Stock Corporation Act (§ 13.1-601 et seq.) and of the Virginia Nonstock Corporation Act (§ 13.1-801 et seq.) shall, to ...

13.1-344 Existing associations continued
All associations organized under or that have adopted the provisions of Chapter 15, Title 13, as heretofore amended, which are in existence at the date ...

13.1-345 Verification no longer required; signing instrument containing misstatement as perjury
A requirement in this chapter that an instrument be verified by oath need not be complied with after July 1, 1958. A person who signs ...

13.1-346 through 13.1-400
Reserved. ...