Common use of – Nonprofit and Cooperative Operation Clause in Contracts

– Nonprofit and Cooperative Operation. The Cooperative: (1) shall operate on a nonprofit and cooperative basis for the mutual benefit of all Members; and (2) may not pay interest or dividends on capital furnished by Patrons.

Appears in 3 contracts

Samples: www.browncountyrea.coop, www.browncountyrea.coop, bcrea.pod.coopwebbuilder3.com

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– Nonprofit and Cooperative Operation. The Cooperative: (1) shall operate on a nonprofit and cooperative basis for the mutual benefit of all Members; and (2) may not pay interest or dividends on capital furnished by PatronsMembers.

Appears in 1 contract

Samples: static1.squarespace.com

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