Nonstock corporation definition

Nonstock corporation means a corporation without capital stock.
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Nonstock corporation means a corporation without cap- ital stock.
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Nonstock corporation means a foreign or domestic nonstock corporation which is subject to regulation and licensing under this chapter and which offers or administers subscription contracts to contract holders as part of a plan.
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Examples of Nonstock corporation in a sentence

  • Instead of that they were dressed ready for themarch, eating roasted lamb at midnight with their doorposts daubed with blood.

  • Any action required or permitted by any provision of the Wisconsin Nonstock corporation Law, the Declaration, the Articles of Incorporation or these Bylaws to be taken by the vote of the Owners may be taken without a meeting if a written consent, setting forth the action so taken, is signed by all Owners who would have been entitled to vote upon the action at such meeting.

  • Non-stock corporation may incur or create bonded indebtedness, or increase the same with the approval of:1.

  • Non-stock corporation - Corporation which does not issue stocks and does not distribute dividends to their members.

Related to Nonstock corporation

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

  • of a corporation means all classes of Capital Stock of such corporation then outstanding and normally entitled to vote in the election of directors.

  • Gas Corporation means the body corporate established by section 4 of the Gas Corporation Act 1994;

  • Nonprofit corporation means that term as defined under section 108 of the nonprofit corporation act, 1982 PA 162, MCL 450.2108.

  • 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.