Codified Laws

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47-16-1      Classes of members--Provisions in bylaws.
47-16-2      Annual member meeting--Time of meeting.
47-16-3      Special meetings.
47-16-4      Place of meetings.
47-16-5      Notice of meetings--Contents of notice.
47-16-6      Notice to delegates or alternates.
47-16-7      Quorum provisions--Computation of quorum--Quorum for district meeting.
47-16-8      Action without meeting.
47-16-9      Consent to action without meeting.
47-16-10      Votes at meeting.
47-16-11      Votes by member cooperatives.
47-16-12      Vote by member owning membership stock.
47-16-13      Proxy votes--Delegate votes.
47-16-14      Absentee voting.
47-16-15      Voting by representatives.
47-16-16      Voting by organizations.
47-16-17      Voting rights conditioned upon membership payment.
47-16-18      Other votes prohibited.
47-16-19      Bylaws provisions for voting.
47-16-20      Percentage of vote.
47-16-21      Capital stock--Classes of stock.
47-16-22      Membership stock--Transfer of stock.
47-16-23      Cooperative dealing in own stock.
47-16-24      Consideration for stock.
47-16-25      Reacquisition of stock.
47-16-26      Stockholders' preemptive rights.
47-16-27      Stock certificates--Conditions to issuance.
47-16-28      Statements required on stock certificates.
47-16-29      Stock subscriptions--Irrevocability.
47-16-30      Liability of subscribers.
47-16-31      Missing securities--Issuance of duplicate.
47-16-32      Missing securities--Redemption--Procedure.
47-16-33      Liability on securities wrongfully transferred--Notice.
47-16-34      Definition of transfers and transferors.
47-16-35      Actions by stockholders or members--Allegations respecting ownership.
47-16-36      Actions by stockholders or members--Additional allegations.
47-16-37      Approval of court required for termination of action.
47-16-38      Expenses of maintaining action--Disposition of proceeds.
47-16-39      Security for costs--Amount of security.
47-16-40      Distribution of net proceeds.
47-16-41      Deductions from total proceeds.
47-16-42      Procedure for distribution.
47-16-43      Repealed.
47-16-44      Payments to employees.
47-16-45      Dividends on capital stock--Conditions to payment.
47-16-46      Distributions to patrons.
47-16-47      Creation of reserves--Credit to patrons.

47-16-48      Ratio of patronage as determining payment to patron.
47-16-49      Classification of patrons.
47-16-50      Credit to surplus and reserves.
47-16-51      Remaining funds--Distribution to patrons--Distinction between members and nonmembers--Classification of patrons.
47-16-52      Manner of payment.
47-16-53      Application of proceeds to prior losses.
47-16-54      Unclaimed credits--Forfeiture to cooperative.
47-16-55      Procedure for forfeiture--Resolution--Time limit for claim.
47-16-56      Notice to claimant--Contents of notice.
47-16-57      Notice by publication.
47-16-58      Applicability to preexisting claims.
47-16-59      Discretionary payment to claimant after forfeiture.
47-16-60      Filing false document as felony.
47-16-61      Report of forfeited sums to administrator.

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