Membership corporation definition

Membership corporation means a nonprofit corporation whose articles provide that it has members, or that has members as defined in subsection (45) of this section.
Membership corporation means a nonprofit corporation whose
Membership corporation means a nonprofit corporation whose articles of incorporation or bylaws provide that it must have members.

More Definitions of Membership corporation

Membership corporation means, subject to subsections (9) and (10), a corporation incorporated or continued pursuant to this Act to carry on activities that are primarily for the benefit of its members; («société de mutualité»)
Membership corporation means a corporation that carries on its activities primarily for the benefit of its members;
Membership corporation. As permitted in accordance with Subsection 209(4) of the Act. Provisions contained in attached document Charitable Corporation: None Note: If None is chosen and a distribution scheme is not provided for in these articles or any subsequent amendments, a court order pursuant to Subsection 209(7) of The Non-Profit Corporations Act, 1995 will be required at the time of dissolution. Provisions contained in attached document One or more of the following options, as indicated: A charitable corporation A registered charity within the meaning of the Income Tax Act (Canada) A municipality The Government of Canada, a government of any province, or an agency of any of those governments
Membership corporation means a nonprofit corporation whose articles of incorporation or bylaws
Membership corporation means a corporation whose articles of incorporation

Related to Membership corporation

  • 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.

  • Next Michigan development corporation means that term as defined in section 3 of the next Michigan development act, 2010 PA 275, MCL 125.2953.

  • Gas Corporation means the same as that term is defined in Section 54-2-1.

  • Membership Card means a card issued by the Club to indicate membership of a Membership Scheme.

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