17-1514. Cooperative corporations heretofore organized.
17-1514
17-1514. Cooperative corporations heretofore organized.
All cooperative corporations, companies, or associations heretofore
organized and doing business under prior statutes, or which have
attempted to so organize and do business, shall have the benefit of all
of the provisions of this act, and be bound thereby, on paying the fees
provided for in this act and filing with the secretary of state, a
written declaration signed and sworn to by the president and secretary
to the effect that said cooperative company or association has by a
majority vote of its stockholders decided to accept the benefits of and
be bound by the provisions of this act. No association organized under
this act shall be required to do or perform anything not specifically
required herein, in order to become a corporation, or to continue its
business as such.
History: L. 1913, ch. 137, § 10; R.S. 1923, 17-1514.