Mutual corporation definition

Mutual corporation means a corporation that is incorporated on a mutual ownership basis under this chapter or converted to become subject to this chapter and is not authorized to issue capital stock.
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Mutual corporation means a corporation organized without stockholders and includes a nonprofit corporation with members.
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Mutual corporation means a corporation organized to accomplish one or more of its purposes on a mutual basis for members and other persons.
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Examples of Mutual corporation in a sentence

  • Authorization to approve an estate and/or patio sale is given to the president of the Mutual corporation or, in the absence of the president, any other Mutual One officer as long as the president is notified of the sale.

  • IN WITNESS WHEREOF, Baycrest Plat Owners Association, a Washington Nonprofit Miscellaneous and Mutual corporation, has caused this instrument to be adopted as its Bylaws by resolution of its Board of Directors adopted on , 200 .

  • IN WITNESS WHEREOF, Fairway Greens Community Association, a Washington Nonprofit Miscellaneous and Mutual corporation, has caused this instrument to be adopted as its Bylaws by resolution of its Board of Directors adopted on , 2017.

  • However, it should be realized that the Controller’s schedule is heavy, and that the established regulatory procedure is to request an appointment through the Chief Financial Officer or Treasurer of each individual Mutual corporation.

  • Mutual corporation" means a corporation orga- nized to accomplish one or more of its purposes on a mutual basis for members and other persons.


More Definitions of Mutual corporation

Mutual corporation means a corporation without share capital that is empowered to undertake mutual insurance exclusively; (“société mutuelle”)
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Mutual corporation means a corporation organized without
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Mutual corporation means a mutual corporation prescribed in the Insurance Business Act (Act No. 105 of 1995).
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Mutual corporation means a corporation organized to
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Mutual corporation means a corporation organized
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Mutual corporation means a corporation organized without stockholde rs and includes a nonprofit corporation with members.
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Related to Mutual corporation

  • Municipal corporation means, in general terms, a status conferred upon a local government unit, by state law giving the unit certain autonomous operating authority such as the power of taxation, power of eminent domain, police power and regulatory power, and includes a joint economic development district or joint economic development zone that levies an income tax under section 715.691, 715.70, 715.71, or 715.74 of the Ohio Revised Code.

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

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

  • QUALIFIED MUNICIPAL CORPORATION means a municipal corporation that, by resolution or ordinance adopted on or before December 31, 2011, adopted Ohio adjusted gross income, as defined by section 5747.01 of the Ohio Revised Code, as the income subject to tax for the purposes of imposing a municipal income tax.

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

  • Graywater means untreated wastewater that has not been contaminated by any toilet discharge, has not been affected by infectious, contaminated, or unhealthy bodily wastes, and does not present a threat from contamination by unhealthful processing, manufacturing, or operating wastes. "Graywater" includes, but is not limited to, wastewater from bathtubs, showers, bathroom washbasins, clothes washing machines, and laundry tubs, but does not include wastewater from kitchen sinks or dishwashers. Health and Safety Code Section 17922.12.