17-1502.   Stock.That every such corporation when so organized and incorporated may issuestock to its shareholders in such amounts and with such limitations as arehereinafter defined. That the shareholders in any such mutual orcooperative corporation, shall each have but one vote in all matterspertaining to the business of such corporation, without regard to thenumber of shares owned, and no shareholder may own to exceed 5% of thetotal capital stock of any such cooperative corporation, organized underthe provisions of this act; and no such shareholder in any cooperativecorporation may own to exceed 5% of the total capital stock of any othercooperative corporation; and no cooperative corporation shall own toexceed 5% of the total capital stock of any other cooperative corporation.

      History:   L. 1915, ch. 159, § 2; R.S. 1923, 17-1502.