West Virginia § 31G-2-5 Members

West Virginia Statutes

§ 31G-2-5 — Members

West Virginia § 31G-2-5

Ch. 31GBROADBAND ENHANCEMENT AND EXPANSION POLICIES

Art. 2COOPERATIVE ASSOCIATIONS

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Bluebook

W. Va. Code § 31G-2-5 (2026).

Text

(a)Under the terms and conditions prescribed in the bylaws adopted by it, a cooperative association may admit as members, or issue common stock to, only qualified persons.

(b)If a member of a nonstock association be other than a natural person, the member may be represented by an individual, associate, officer or manager or member thereof, duly authorized in writing.

(c)One association organized hereunder may become a member or stockholder of any other association or associations organized under this article or similar laws of any state.

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(a) Under the terms and conditions prescribed in the bylaws adopted by it, a cooperative association may admit as members, or issue common stock to, only qualified persons.

(b) If a member of a nonstock association be other than a natural person, the member may be represented by an individual, associate, officer or manager or member thereof, duly authorized in writing.

(c) One association organized hereunder may become a member or stockholder of any other association or associations organized under this article or similar laws of any state.