Membership stock means any class of stock, continuous ownership of which is required for membership in a cooperative.

Membership stock means the actual number of shares of Class B Stock owned by each Member as is required to become a Member or to maintain membership status with the Bank.

Membership stock means any class of stock or other equity

Examples of Membership stock in a sentence

A Member’s shares of Class B Stock (whether acquired on the Effective Date or later acquired through purchase or by Stock Dividend) shall be first allocated to its Membership Stock Account.
Stock Dividends paid shall be first allocated to a Member’s Membership Stock Account.
If the number of shares of Class B Stock a Member is required to hold in its Membership Stock Account increases, such additional shares shall be allocated from the Member’s Excess Stock Account to the Member’s Membership Stock Account.
The consolidated institution shall, within sixty (60) calendar days of its approval for membership status, purchase shares of Class B Stock as necessary to satisfy the Member’s Membership Stock Account and Activity Stock Account requirements.
If the number of shares of Class B Stock a Member is required to hold in its Membership Stock Account decreases, such shares shall be first allocated to the Member’s Activity Stock Account, up to the applicable Maximum Allocation Percentages as applied to each type of the Member’s Mission Asset Activity.

More Definitions of Membership stock

Membership stock means any class of stock or other equity interest in a cooperative, continuous ownership of which is required for membership in the cooperative.

Membership stock means a subclass of Class B Stock that a Member is required to purchase and hold as a condition of membership in the Bank.

Membership stock means a subclass of Class B Stock that is required to be purchased and held as a condition of membership in the Bank.

Membership stock means the share of Common stock that a Member is required to own in order to qualify for Membership in the Co-op.

Membership stock means any class of stock or other equity interest in an association, continuous ownership of which is required for membership in an association.

Membership stock means any class of stock, continuous ownership of which is re-

Membership stock means any class of stock, continuous