Search OpenLegislation Statutes

This entry was published on 2017-09-15
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
Corporate Finance
Not-for-Profit Corporation (NPC) CHAPTER 35

Section 501. Stock and shares prohibited; membership certificates


502. Members' capital contributions.

503. Capital certificates.

504. Subventions.

505. Subvention certificates.

506. Bonds and security interests.

507. Fees, dues and assessments; fines and penalties.

508. Income from corporate activities.

509. Purchase, sale, mortgage and lease of real property.

510. Disposition of all or substantially all assets.

511. Petition for court approval.

511-a. Petition for attorney general approval.

513. Administration of assets received for specific purposes.

514. Delegation of investment management.

515. Dividends prohibited; certain distributions of cash or

property authorized.

516. Distributions to members upon termination of membership.

517. Liabilities of members.

519. Annual report of directors.

519-a. Annual reports for certain transactions required.

520. Reports of corporation.

521. Liability for failure to disclose required information.