Nonstock corporation definition

Nonstock corporation means a corporation without capital stock.
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Nonstock corporation means a corporation without cap- ital stock.
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Nonstock corporation means a foreign or domestic nonstock corporation which is subject to regulation and licensing under this chapter and which offers or administers subscription contracts to contract holders as part of a plan.
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Examples of Nonstock corporation in a sentence

  • Non-stock corporation – does notissue stocks nor distribute dividends to their members.6. AS TO RELATIONSHIP OF MANAGEMENT AND CONTROLa. Holding Corporation - it is one which controls another as asubsidiary by the power to electmanagement.

  • Any action required or permitted by any provision of the Wisconsin Nonstock corporation Law, the Declaration, the Articles of Incorporation or these Bylaws to be taken by the vote of the Owners may be taken without a meeting if a written consent, setting forth the action so taken, is signed by all Owners who would have been entitled to vote upon the action at such meeting.

  • Non-stock corporation may incur or create bonded indebtedness, or increase the same with the approval of:1.

  • Definition Non-stock corporation – one where no part of its income is distributable as dividends to its members, trustees, or officers.

  • Although there is a general belief from both groups that academic development is important, lecturers and Academic Development Practitioners agree that some improvements need to be made so that they reach the objectives - as mentioned by Niezen and Soer (undated article:11).

  • Nonstock corporation to assist in the development of GIS data.The Department of Emergency Management is hereby authorized to establish a nonstock corporation under Chapter 10 (§ 13.1-801 et seq.) of Title 13.1 as an instrumentality to assist the Department of Emergency Management and the Division in the development and acquisition of geographic data and statewide base map data.

  • Nonstock corporation required: Health Services Plans -- In General Each plan shall be conducted either by or through (i) a nonstock corporation organized pursuant to the laws of this Commonwealth or (ii) a foreign nonstock corporation that is subject to regulation and licensing under the laws of its domiciliary jurisdiction that are substantially similar to those provided by this chapter.

  • Informafion can be taken from the DIO system (MAG).Through the Farmer field schools the gender approach will be integrated and acfions will be implemented to ensure that this approach is assimilated by producers and organizafions in the best way possible.Component 3:Develop a training space for Bio-entrepreneurships, this space will allow women to be part of the development of these inifiafives, because some of the beneficiaries of these bio business are women.

  • Nonstock corporation to assist in the development of GIS data Products and ServicesDescription of Major Products and Services Enterprise GIS Services: Virginia Base Mapping Program (VBMP) for procurement, maintenance, and distribution of consistent statewide geospatial base data, including aerial photography, digital road centerlines, hydrography, rail, etc.Geospatial Data Services: The GIS Clearinghouse and data exchange services and Internet Mapping Services.

  • Non-stock corporation or association organized and operated exclusively for religious, charitable, scien- tific, athletic, or cultural purposes, or for the rehabili- tation of veterans, no part of its net income or asset belongs to or inures to the benefit of any member, organizer, officer or any specific person.

Related to Nonstock corporation

  • Public corporation means the same as that term is defined in Section 63E-1-102.

  • Gas Corporation means the body corporate established by section 4 of the Gas Corporation Act 1994;

  • Nonprofit corporation means a nonstock corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17).

  • Family farm corporation means a corporation founded for the purpose of farming agricultural land in which the majority of the voting stock is held by and the majority of the stockholders are persons or the spouse of persons related to each other within the fourth degree of kinship, according to the rules of the civil law, and at least one of the related persons is residing on or actively operating the farm, and none of whose stockholders are a corporation. A family farm corporation does not cease to qualify under this division where, by reason of any devise, bequest, or the operation of the laws of descent or distribution, the ownership of shares of voting stock is transferred to another person, as long as that person is within the degree of kinship stipulated in this division.

  • Bancorp means Eagle Bancorp, Inc., a Maryland corporation.

  • Participating Corporation means any Parent, Subsidiary or Affiliate that the Committee designates from time to time as eligible to participate in this Plan. For purposes of the Section 423 Component, only the Parent and Subsidiaries may be Participating Corporations, provided, however, that at any given time a Parent or Subsidiary that is a Participating Corporation under the Section 423 Component shall not be a Participating Corporation under the Non-Section 423 Component. The Committee may provide that any Participating Corporation shall only be eligible to participate in the Non-Section 423 Component.

  • Mutual housing corporation means a corporation not-for-profit,

  • Foreign nonprofit corporation means an entity:

  • Next Michigan development corporation means that term as defined in section 3 of the next Michigan development act, 2010 PA 275, MCL 125.2953.

  • Employee Stock Purchase Plan means a plan that grants Purchase Rights intended to be options issued under an “employee stock purchase plan,” as that term is defined in Section 423(b) of the Code.

  • School Corporation means the Western Xxxxx County Community School Corporation of the County of Xxxxx of the State of Indiana;

  • Mutual holding company means that term as defined in section 10(o) of the home owners' loan act, chapter 64, titles III and IX of Public Law 101-73, 12 U.S.C. 1467a, and OTS regulations governing mutual holding companies.

  • Constituent corporation means any corporation which engages with the Company, its Parent or any Subsidiary in a transaction to which Section 424(a) of the Code applies (or would apply if the option assumed or substituted were an ISO), or any Parent or any Subsidiary of such corporation.

  • Option Plan has the meaning ascribed to it in section "4.7" hereinbelow;

  • Qualifying corporation means any person classified for federal income tax purposes as an association taxable as a corporation, except either of the following:

  • Corporation means a corporation, association, company, joint-stock company or business trust.

  • S corporation means a person that has made an election under subchapter S of Chapter 1 of Subtitle A of the Internal Revenue Code for its taxable year.

  • Stock Purchase Plan means the employee stock purchase plan to be established by Water Pik pursuant to Section 2.2.

  • the Caxton Foundation means the charitable trust of that name established on 28th March 2011 out of funds provided by the Secretary of State for the benefit of certain persons suffering from hepatitis C and other persons eligible for payment in accordance with its provisions;

  • AIG means American International Group, Inc.

  • Stock means, with respect to any corporation, capital stock and, with respect to any other entity, any equity interest.

  • Compensation Plan means any program, plan or similar arrangement (other than employment contracts for a single individual) relating generally to compensation, pension, employment or similar arrangements with respect to which any Company, any Affiliate of any Company or any ERISA Affiliate of any of them has any obligation or liability, contingent or otherwise, under any Requirement of Law other than that of the United States.

  • Corporation/ Corpn./ Department means the Central Warehousing Corporation.

  • Stock Plan means any stock incentive, stock option, stock ownership or employee benefits plan of the General Partner.

  • Condominium Corporation means a condominium or strata corporation established under provincial legislation.