31G-2-1 Definitions
31G-2-2 Who may organize
31G-2-3 Legislative findings and purposes
31G-2-4 Powers
31G-2-5 Members
31G-2-6 Articles of incorporation
31G-2-7 Amendments to articles of incorporation
31G-2-8 Bylaws
31G-2-9 General and special meetings
31G-2-10 Directors
31G-2-11 Officers
31G-2-12 Officers, employees and agents to be bonded
31G-2-13 Stock; membership certificate; voting; liability; limitations on transfer and ownership
31G-2-14 Removal of officer or director
31G-2-15 Referendum
31G-2-16 Marketing contract
31G-2-17 Remedies for breach of contract
31G-2-18 Purchasing property of other associations, persons, firms or corporations
31G-2-19 Annual reports
31G-2-20 Conflicting laws not to apply
31G-2-21 Interest in other corporations or associations
31G-2-22 Contracts and agreements with other associations
31G-2-23 Rights and remedies apply to similar associations of other states
31G-2-24 Associations heretofore organized may adopt provisions of article
31G-2-25 Liability as to delivery of products in violation of marketing agreements
31G-2-26 Associations to be deemed not in restraint of trade
31G-2-27 Application of business corporation laws; nonprofit corporation laws

Terms Used In West Virginia Code > Chapter 31G > Article 2 - Cooperative Associations

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Appraisal: A determination of property value.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • association: means any corporation organized under this article. See West Virginia Code 31G-2-1
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • in writing: includes any representation of words, letters, or figures, whether by printing, engraving, writing, or otherwise. See West Virginia Code 2-2-10
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Internet services: means providing access to, and presence on, the internet and other services. See West Virginia Code 31G-2-1
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Member: means a member of an association without capital stock and a holder of common stock in an association organized with capital stock. See West Virginia Code 31G-2-1
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Qualified activity: means using internet services. See West Virginia Code 31G-2-1
  • Quorum: The number of legislators that must be present to do business.
  • State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10
  • Temporary restraining order: Prohibits a person from an action that is likely to cause irreparable harm. This differs from an injunction in that it may be granted immediately, without notice to the opposing party, and without a hearing. It is intended to last only until a hearing can be held.