Cooperative with limited liability definition

Cooperative with limited liability means a Cooperative in which the liability of its members for the debts is limited by its articles of association to such form and extent as they may undertake to contribute to any deficit in the assets of the Cooperative in the event of its being wound up ;
Sample 1Sample 2Sample 3
Cooperative with limited liability means a cooperative in which liability of its members for the debts of the cooperative in the event of its being wound up is limited to the share amount contributed by such members;
Sample 1

Examples of Cooperative with limited liability in a sentence

  • Provided that the employee shall be entitled to acquire or hold shares in any public Co-operative with limited liability.

  • This is the constitution of a business undertaking formed as a Primary Co-operative with limited liability in terms of the provisions of the Co-operatives Amendment Act, 2013 (Act 6 of 2013).

  • This is the constitution of a business undertaking formed as a Agricultural Primary Co-operative with limited liability in terms of the provisions of the Co-operatives Act, 2013 (Act 6 of 2013).

  • In fact, the Portfolio Committee learnt, sadly, of the passing away of the two founding members, leaving the co-operative with only three founding members and rendering it noncompliant with its founding constitution and the nature of business formed as a Primary Agricultural Co-operative with limited liability in terms of the provisions of the Co-operatives Act, 2005 (Act 14 of 2005).

  • This is the constitution of a business undertaking formed as a Worker Primary Co-operative with limited liability in terms of the provisions of the Co-operatives Act, 2013 (No. 6 of 2013).

  • This is the constitution of a business undertaking formed as a Secondary Co-operative with limited liability in terms of the provisions of the Co-operatives Act, 2013 (Act 6 of 2013).

  • This is the constitution of a business undertaking formed as a Tertiary Co-operative with limited liability in terms of the provisions of the Co-operatives Act, 2013 (No. 6 of 2013).

Related to Cooperative with limited liability

  • Limited liability means that the liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the company (except in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose or other circumstances in which a court may be prepared to pierce or lift the corporate veil).

  • Limited Liability Company Interests means the entire limited liability company membership interest at any time owned by any Pledgor in any limited liability company.

  • Limited liability company means a limited liability company formed under Chapter 1705 of the Ohio Revised Code or under the laws of another state.

  • Limited Liability Company Agreement means the Amended and Restated Limited Liability Company Agreement of the Depositor, dated as of March 1, 2001, executed by Ford Credit, as sole member; or the Limited Liability Company Agreement of Ford Credit, dated as of April 30, 2007 and effective on May 1, 2007, as the context requires.

  • Limited Liability Company Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all limited liability company capital and interest in other limited liability companies), at any time owned or represented by any Limited Liability Company Interest.

  • Professional limited liability company means a limited

  • Limited liability partnership or “LLP” shall mean a Company governed by Limited Liability Partnership Act 2008 or as amended.

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.

  • Single member limited liability company means a limited liability company that has one direct member.

  • Foreign limited liability company means an unincorporated entity formed under the law of a jurisdiction other than this state and denominated by that law as a limited liability company.

  • Member-managed limited liability company means a limited liability company that is not a manager-managed limited liability company.

  • Manager-managed limited liability company means a limited liability company that is managed by

  • Foreign limited liability partnership means a partnership that:

  • Cooperative Property The real property and improvements owned by the Cooperative Corporation, including the allocation of individual dwelling units to the holders of the Coop Shares of the Cooperative Corporation.

  • Limited license means a license that:

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • Member in Good Standing means a member in service who is not subject to removal by the employing city of the member pursuant to section 400.18 or 400.19, or other comparable process, and who is not the subject of an investigation that could lead to such removal. Except as specifically provided pursuant to section 411.9, a person who is restored to active service for purposes of applying for a pension under this chapter is not a member in good standing.

  • Limited cooperative association means, with respect to a Wisconsin cooperative, a cooperative organized under ch. 193.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • Limited lines insurance means any of the following:

  • Substitute Limited Partner means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.3.

  • Certificate of Limited Partnership means the Certificate of Limited Partnership of the Partnership filed with the Secretary of State of the State of Delaware as referenced in Section 7.2, as such Certificate of Limited Partnership may be amended, supplemented or restated from time to time.

  • Existing LLC Agreement is defined in the recitals to this Agreement.

  • Sole proprietorship means a form of business in which one person owns all the assets of the business, in contrast to a partnership or corporation.