§ 17-10-109 — Powers

Wyoming § 17-10-109

• Jurisdiction: Wyoming
• Title 17: Corporations, Partnerships and Associations
• Ch. 10: COOPERATIVE MARKETING ASSOCIATIONS
• Art. 1: IN GENERAL

Text

(a) Each cooperative formed under the provisions of this
article shall have power:
(i) To have succession by its corporate name for the
period limited in its certificate;
(ii) To sue and be sued, complain and defend in any
court;
(iii) To establish and use a common seal and alter
the same;
(iv) To hold, purchase and convey such real and
personal property as the purpose of the corporation may require,
including stock or membership in subsidiary, allied or similar
cooperative corporations within or without this state;
(v) To appoint such officers and agents as the
business may require, including in every case, a president and a
secretary, and to fix their compensation;
(vi) To make bylaws not inconsistent with law for the
management of its property, the regulation of its business and
the transfer of its stock or membership;
(vii) To engage in any activity in connection with
producing, marketing, selling, preserving, drying, processing,
canning, packing, handling, storing or utilization of any
agricultural products of its members; or the manufacturing or
marketing of the by-products thereof; or in connection with the
purchase, hiring or use by its members of supplies, machinery or
equipment, or in the financing of such activities, or in any one
(1) or more of the activities specified in this paragraph;
(viii) To borrow money and to make advances to
members upon products of members in the hands of the
association;
(ix) To act as agent or representative of any member
or members in any of the activities mentioned in paragraphs
(vii) and (viii) of this subsection;
(x) To purchase or otherwise acquire, and to hold,
own and exercise all rights of ownership in, and to sell,
transfer or pledge shares of the capital stock or bonds, or
memberships of any corporation or association organized under
this act;
(xi) To establish reserves and invest the funds
thereof in bonds or such other property as may be provided in
the bylaws;
(xii) To do each and everything necessary, suitable
or proper for the accomplishment of any one (1) of the purposes
or the attainment of any one (1) or more of the objects herein
enumerated; and to contract accordingly; and in addition to
exercise and possess all powers, rights and privileges necessary
or incidental to the purposes for which the association is
organized or to the activities in which it is engaged; and in
addition any other rights, powers and privileges granted by the
laws of this state to ordinary corporations, except such as are
inconsistent with the express provisions of this act; and to do
any such things anywhere.