Cooperative basis definition
Cooperative basis means that net savings, after payment of any investment dividends or after provision for separate funds has been made as required or authorized by law, the certificate of formation, or bylaws, are:
Cooperative basis means the allocation of Cooperative earnings in proportion to the value in monetary terms of business done by a Patron with the Cooperative. While the Cooperative may conduct business with nonmembers on a Cooperative Basis or on another basis, it is anticipated that the Cooperative will only do business on a Cooperative Basis with its members.
More Definitions of Cooperative basis
Cooperative basis means the carrying on of an enterprise organized, operated and administered in accordance with the cooperative principles set out in section 4;
Cooperative basis means that net savings, after payment of any investment dividends or after provision for separate funds has been made as required or authorized by law,
Cooperative basis means that the net savings after payment, if any, of investment dividends and after making provisions for separate funds required or specifically permitted by statute, articles, or by-laws is allocated or distributed to member patrons, or to all patrons, in proportion to their patronage or retained by the enterprise for the actual or potential expansion of its services, the reduction of