Mississippi Senate Bill 2942 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on February 2 2010 - 100% progression
Action: 2010-02-02 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Provide For The Incorporation Of Cooperative Associations; To Provide The Powers And Duties Of Cooperatives; To Provide The Requisites For The Articles Of Association Of Cooperatives; To Provide For The Adoptions Of Bylaws By Cooperatives; To Specify The Membership Of Cooperatives And The Requisites For Voting By Members; To Provide For The Organization Of Meeting And The Notification Of Members Of Meetings; To Provide For The Authorization Of, Control And Use Of Stock By Cooperatives; To Provide For The Number, Election And Removal Of Directors; To Provide For The Meetings Of Directors; To Authorize Executive Committees; To Provide For The Officers Of Cooperatives; To Provide For The Compensation And Benefits To Directors, Officers And Employees Of A Cooperative; To Provide For The Liability Of Directors, Members, Stockholders And Patrons Of Cooperatives; To Provide The Manner In Which A Cooperative May Dispose Of Assets; To Provide Rules That Govern Contracts By Cooperatives; To Authorize Contracts To Be Filed With The Chancery Clerk And Provide The Effect Of Such Filing; To Provide That The Directors Shall Determine And Distribute Net Assets At Least Once Annually; To Provide For Annual Reports; To Provide The Manner In Which Articles Of Association May Be Amended; To Provide The Manner In Which Cooperatives May Merge And Consolidate; To Provide The Manner In Which A Corporation May Convert Itself Into A Cooperative; To Provide The Manner In Which A Cooperative May Voluntarily Dissolve Itself; To Provide The Manner In Which A Cooperative May Be Involuntarily Dissolved; To Provide For The Liquidation Of The Assets And Business Of A Cooperative Under Court Supervision; To Provide For Derivative Actions By Members And Stockholders; To Limit The Use Of The Term "cooperative" To Associations Organized Under This Act And To Provide Penalties For Improper Use Of Such Term; And For Related Purposes.

Cooperatives; provide for the incorporation of.

Sen. John Horhn [D]

Date	Chamber	Action
2010-02-02		Died In Committee
2010-01-18		Referred To Judiciary, Division A

Type	Source
Summary	https://billstatus.ls.state.ms.us/2010/pdf/history/SB/SB2942.xml
Text	https://billstatus.ls.state.ms.us/documents/2010/html/SB/2900-2999/SB2942IN.htm