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CHAPTER 47-17

COOPERATIVES--DIRECTORS, OFFICERS AND EMPLOYEES

47-17-1      Board of directors as manager of cooperative--Qualifications of directors.
47-17-2      Compensation of directors.
47-17-3      Number of directors.
47-17-4      First directors as temporary board--Election of permanent directors--Territorial directors--Directors' terms of office--Alternates.
47-17-4.1      Use of funds or employee activity to promote election to office prohibited--Directors and officers permitting violation subject to civil fine.
47-17-5      Removal of directors.
47-17-6      Vacancies on board of directors.
47-17-7      Liability of directors for improper distribution of assets.
47-17-7.1      Directors not liable for distribution in good faith reliance on financial statements or accountant's representation.
47-17-8      Meetings by teleconference.
47-17-9      Quorum at meeting.
47-17-10      Waiver of notice of meeting.
47-17-11      Specification of purpose of meeting.
47-17-12      Directors' executive committee--Powers of committee.
47-17-13      Action without meeting of directors--Written consent.
47-17-14      Principal officers of cooperative--Election by board of directors.
47-17-15      Other officers.
47-17-16      Authority of officers.
47-17-17      Removal of officers.
47-17-18      Compensation of officers.
47-17-19      Repealed.
47-17-20      Filing false document as felony.
47-17-21      Indemnification of directors, officers, agents, and employees against liability under certain circumstances.
47-17-22      Circumstances under which directors, officers, agents, and employees may not be indemnified.
47-17-23      Indemnification of successful director, officer, agent, or employee for expenses incurred in proceeding.


Back to Title 47