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.

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

  • 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.

  • 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 .

  • 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.


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.

  • Foreign professional corporation means a professional corporation organized under laws other than the laws of this state.

  • Mutual benefit corporation means a nonprofit corporation:

  • TD means The Toronto-Dominion Bank, a Canadian chartered bank, and its successors and assigns.

  • Public benefit corporation means a domestic or foreign corporation that is required to be a public benefit corporation pursuant to section 504.1705.

  • Nonprofit corporation means a nonprofit corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation and (if a foreign corporation) in good standing under the laws of the State of California, which corporation has established and maintains valid nonprofit status under Section 501(c)(3) of the United States Internal Revenue Code of 1986, as amended, and all rules and regulations promulgated under such Section.

  • Crosswalk means that part of a roadway at an intersection included within the connections of the

  • Public corporation means a county, city, village, township, port district, drainage district, special assessment district, or metropolitan district of this state, or a board, commission, or another authority or agency created by or under an act of the legislature of this state.

  • 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.