ICA Model By-laws for a Workers' Cooperative |
Common terms and phrases
a/t NNI absent member Absentee ballots action amount annual meeting annual membership meeting Article III articles of organization b/t NI board of directors business corporation cash break chairperson clerk collective account consent cooperative corporation corporate income tax credited deducted from taxable determined elected following the annual held in place indemnification individual capital account internal account INTERNAL CAPITAL ACCOUNT Internal Revenue Code issued labor compensation received legal consideration membership share Model By-laws non-members non-qualified notices non-qualified written notices NOTES ON ARTICLE notices of allocation number of hours operating rules otherwise provided payment period personal income tax place thereof probationary period promissory notes provided by law qualified notices qualified written notices quorum redeemed in cash REDMPD removal retained net income retained patronage dividends rules and regulations self-insurance allocation special meeting held taxable net income terminated total labor compensation total number total patronage transfer vacancy