Legislation

ARTICLE 5

CORPORATE FINANCE
Section 501. Stock and shares prohibited; membership certificates

authorized.

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.