This final post in the series addresses sales of preferred shares. Unlike common shares, preferred shares can offer dividends and in most states, can be… Read More »Selling Preferred Shares in Cooperatives
Groups interested in forming a cooperative that is structured as a for-profit corporation often have questions about how shares are issued, who can purchase shares,… Read More »Legal Requirements for Selling Common Shares in Cooperatives
Groups interested in forming a cooperative that is structured as a for-profit corporation often have questions about how shares are issued, who can purchase shares,… Read More »The Role of Shares in Cooperatives
In a lawsuit brought against a nonprofit, member-owned electric cooperative corporation, the plaintiff-members (“Plaintiffs”) alleged that Southwest Mississippi Electric Cooperative (the “Cooperative”) unlawfully failed to… Read More »Mississippi Cooperatives Win Big on Arbitration Clause in Bylaws
On March 27, 2020, the President signed into law the Coronavirus, Aid, Relief, and Economic Security Act (CARES ACT). The CARES Act provided an economic… Read More »Cooperatives May Qualify for Benefits Under CARES Act
One of the initial questions for a group forming a cooperative in Georgia is whether the cooperative should be legally organized in Georgia or in… Read More »Where Should We Organize Our Cooperative?
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