Who owns and controls a cooperative?

One of the fundamental principles of cooperatives is that they are controlled democratically by the members who use them. "Democratic" is most often defined as one vote per member1, regardless of investment in or volume of business conducted with the cooperative.

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Bylaws of a Cooperative Association of Consumers

Suffolk New York Bylaws of a Cooperative Association of Consumers

Name: Suffolk New York Bylaws of a Cooperative Association of Consumers
Brand: US Legal Forms
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Corporations - Bylaws

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Suffolk

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US-02469BG

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A consumers' cooperative is a cooperative business owned by its customers for their mutual benefit. It is oriented toward service rather than profit. Consumers' cooperatives often take the form of retail outlets owned and operated by their consumers. The customers or consumers of the goods and/or services the cooperative provides are often also the individuals who have provided the capital required to launch or purchase that enterprise.

Bylaws are rules that lay down the internal rules of an organization like a cooperative or corporation. Bylaws typically state the rights, duties and liabilities of the members of the cooperative, as well as the rules relating to transferring and selling shares. Bylaws will also typically discuss the roles of the Board of Directors and corporate officers of a cooperative or corporation. Bylaws are usually enacted by the initial Board of Directors or the incorporators of the cooperative or and may be amended from time to time by the Board of Directors.

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A cooperative is a legal entity owned and democratically controlled by its members. Members often have a close association with the enterprise as producers or consumers of its products or services, or as its employees. The legal entities have a range of social characteristics.

In general, cooperatives can develop their bylaws as they wish, if the legislation applying to them allows it. Often bylaws are written according to guidelines provided to cooperatives. Optional sections in the bylaws are often included to meet the requirements of the cooperative's individual purpose.

As owners, members assume a positive, broad role in the cooperative's management. Although the cooperative is a user/owner (democratically) controlled form of business, members cannot make all the decisions directly.

Your co-op's most important document (aka your co-op Bible) is its bylaws (known as rules of association by the BC crowd). Bylaws, along with your articles of incorporation, make up your incorporating documents that outline the co-op's ownership and foundational procedures.

Cooperative Principles Member Economic Participation. Autonomy and Independence. Education, Training and Information. Cooperation among Cooperatives. Concern for Community.

22. A member of a co-operative society shall have the obligation to: (a) observe and comply with all the society by-laws and decisions taken by the relevant organs of the co-operative society in accordance with the by-laws of the society.

Cooperative Principles Open and Voluntary Membership.Democratic Member Control.Members' Economic Participation.Autonomy and Independence.Education, Training, and Information.Cooperation Among Cooperatives.Concern for Community.

Types of Co-ops Consumer Cooperatives. Consumer cooperatives are owned by members who use the co-op to purchase the goods or services that they need.Worker Cooperatives.Producer Cooperatives.Purchasing or Shared Services Cooperatives.Multi-stakeholder Cooperatives.

One of the fundamental principles of cooperatives is that they are controlled democratically by the members who use them. "Democratic" is most often defined as one vote per member1, regardless of investment in or volume of business conducted with the cooperative.

Cooperative values In the tradition of their founders, cooperative members believe in the ethical values of honesty, openness, social responsibility and caring for others.

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By-Laws. Legal Status, Organization and Authority. How do I contact the Suffolk County Consumer Affairs?Chesapeake Bay Preservation Area Septic Tank Pump Out Program - Inspections. Show All Answers. 1. LawHelp Interactive is a website that helps you fill out legal documents for free. Or the Virginia Real Estate Cooperative Act (§ 55. And sets out the committee's authority. 2. (a) The association shall be organized with suitable articles of incorporation and bylaws as.

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