Legislation
SECTION 123
Credit and agency corporations; ownership of voting common stock; directors
Cooperative Corporations (CCO) CHAPTER 77, ARTICLE 7
§ 123. Credit and agency corporations; ownership of voting common
stock; directors. All the voting common stock of a cooperative credit or
agency corporation must be owned by one or more cooperative corporations
organized or operating under the provisions of this chapter. The
directors must be members or stockholders of one or more of the
cooperative corporations which own the voting common stock.
stock; directors. All the voting common stock of a cooperative credit or
agency corporation must be owned by one or more cooperative corporations
organized or operating under the provisions of this chapter. The
directors must be members or stockholders of one or more of the
cooperative corporations which own the voting common stock.