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.
Sample 1Sample 2Sample 3
Mutual corporation means a corporation organized without stockholders and includes a nonprofit corporation with members.
Sample 1Sample 2Sample 3
Mutual corporation means a corporation without share capital that is empowered to undertake mutual insurance exclusively; (“société mutuelle”)
Sample 1Sample 2Sample 3

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.

  • 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.

  • 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.

  • One key component in this context is the spreading of D&O- insurance, which has provided at least some relief for directors facing claims; on the other hand, it has created “deeper pockets” for claimants and thus fueled enforcement.


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.
Sample 1Sample 2Sample 3
Mutual corporation means a corporation organized without
Sample 1Sample 2Sample 3
Mutual corporation means a mutual corporation prescribed in the Insurance Business Act (Act No. 105 of 1995).
Sample 1Sample 2Sample 3
Mutual corporation means a corporation organized to
Sample 1Sample 2Sample 3
Mutual corporation means a corporation organized
Sample 1Sample 2
Mutual corporation means a corporation organized without stockholde rs and includes a nonprofit corporation with members.
Sample 1