Mutual corporation definition

Mutual corporation means a corporation that is incorporated on a mutual ownership basis under this chapter or converted to become subject to this chapter and is not authorized to issue capital stock.
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Mutual corporation means a corporation organized without stockholders and includes a nonprofit corporation with members.
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Mutual corporation means a corporation without share capital that is empowered to undertake mutual insurance exclusively; (“société mutuelle”)
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Examples of Mutual corporation in a sentence

  • Authorization to approve an estate and/or patio sale is given to the president of the Mutual corporation or, in the absence of the president, any other Mutual One officer as long as the president is notified of the sale.

  • IN WITNESS WHEREOF, Baycrest Plat Owners Association, a Washington Nonprofit Miscellaneous and Mutual corporation, has caused this instrument to be adopted as its Bylaws by resolution of its Board of Directors adopted on , 200 .

  • IN WITNESS WHEREOF, Fairway Greens Community Association, a Washington Nonprofit Miscellaneous and Mutual corporation, has caused this instrument to be adopted as its Bylaws by resolution of its Board of Directors adopted on , 2017.

  • However, it should be realized that the Controller’s schedule is heavy, and that the established regulatory procedure is to request an appointment through the Chief Financial Officer or Treasurer of each individual Mutual corporation.

  • Mutual corporation" means a corporation orga- nized to accomplish one or more of its purposes on a mutual basis for members and other persons.


More Definitions of Mutual corporation

Mutual corporation means a corporation organized to accomplish one or more of its purposes on a mutual basis for members and other persons.
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Mutual corporation means a corporation organized without
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Mutual corporation means a mutual corporation prescribed in the Insurance Business Act (Act No. 105 of 1995).
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Mutual corporation means a corporation organized to
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Mutual corporation means a corporation organized
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Mutual corporation means a corporation organized without stockholde rs and includes a nonprofit corporation with members.
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Related to Mutual corporation

  • Municipal corporation means, in general terms, a status conferred upon a local government unit, by state law giving the unit certain autonomous operating authority such as the power of taxation, power of eminent domain, police power and regulatory power, and includes a joint economic development district or joint economic development zone that levies an income tax under section 715.691, 715.70, 715.71, or 715.74 of the Ohio Revised Code.

  • School Corporation means the Western Xxxxx County Community School Corporation of the County of Xxxxx of the State of Indiana;

  • Delaware General Corporation Law means the Delaware General Corporation Law, 8 Del. C.ss.100, et. seq., as amended from time to time.

  • Family farm corporation means a corporation founded for the purpose of farming agricultural land in which the majority of the voting stock is held by and the majority of the stockholders are persons or the spouse of persons related to each other within the fourth degree of kinship, according to the rules of the civil law, and at least one of the related persons is residing on or actively operating the farm, and none of whose stockholders are a corporation. A family farm corporation does not cease to qualify under this division where, by reason of any devise, bequest, or the operation of the laws of descent or distribution, the ownership of shares of voting stock is transferred to another person, as long as that person is within the degree of kinship stipulated in this division.

  • Corporate Headquarters means the location that is the primary center of direction, control and coordination for the company.

  • TD means The Toronto-Dominion Bank.

  • Nonprofit corporation means a nonstock corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17).

  • Health and Human Services or “HHS” includes HHSC and DSHS.

  • Public corporation means the same as that term is defined in Section 63E-1-102.

  • Owners Corporation means the Owners’ corporation of the Lot and the Development incorporated and registered under the Building Management Ordinance (Cap.344);

  • Permanent foster care means an out-of-home placement in which there is a long-term

  • Graywater means untreated wastewater that has not been contaminated by any toilet discharge, has not been affected by infectious, contaminated, or unhealthy bodily wastes, and does not present a threat from contamination by unhealthful processing, manufacturing, or operating wastes. "Graywater" includes, but is not limited to, wastewater from bathtubs, showers, bathroom washbasins, clothes washing machines, and laundry tubs, but does not include wastewater from kitchen sinks or dishwashers. Health and Safety Code Section 17922.12.

  • Natural resources means land, fish, wildlife, biota, air, water, ground water, drinking water supplies, and other such resources belonging to, managed by, held in trust by, appertaining to, or otherwise controlled by the United States or the State.