Cooperative Corporation
/ˌkoʊ.əˈpɛr.ə.tɪv ˌkɔr.pəˈreɪ.ʃən/
Definitions
- (n.) A corporation organized and operated as a cooperative, owned and controlled by its members for their mutual benefit.
The cooperative corporation distributed profits among its members based on their participation.
Forms
- cooperative corporation
- cooperative corporations
Related terms
See also
Commentary
Use clear language to distinguish cooperative corporations from other corporate forms emphasizing member control and benefit sharing.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.