Mutual corporation definition

Mutual corporation means a corporation that is incorporated on a mutual ownership basis under this chapter or converted to become subject to this chapter and is not authorized to issue capital stock.
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Mutual corporation means a corporation organized without stockholders and includes a nonprofit corporation with members.
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Mutual corporation means a corporation without share capital that is empowered to undertake mutual insurance exclusively; (“société mutuelle”)
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Examples of Mutual corporation in a sentence

  • Authorization to approve an estate and/or patio sale is given to the president of the Mutual corporation or, in the absence of the president, any other Mutual One officer as long as the president is notified of the sale.

  • IN WITNESS WHEREOF, Baycrest Plat Owners Association, a Washington Nonprofit Miscellaneous and Mutual corporation, has caused this instrument to be adopted as its Bylaws by resolution of its Board of Directors adopted on , 200 .

  • IN WITNESS WHEREOF, Fairway Greens Community Association, a Washington Nonprofit Miscellaneous and Mutual corporation, has caused this instrument to be adopted as its Bylaws by resolution of its Board of Directors adopted on , 2017.

  • However, it should be realized that the Controller’s schedule is heavy, and that the established regulatory procedure is to request an appointment through the Chief Financial Officer or Treasurer of each individual Mutual corporation.

  • Mutual corporation" means a corporation orga- nized to accomplish one or more of its purposes on a mutual basis for members and other persons.


More Definitions of Mutual corporation

Mutual corporation means a corporation organized to accomplish one or more of its purposes on a mutual basis for members and other persons.
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Mutual corporation means a corporation organized without
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Mutual corporation means a mutual corporation prescribed in the Insurance Business Act (Act No. 105 of 1995).
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Mutual corporation means a corporation organized to
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Mutual corporation means a corporation organized
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Mutual corporation means a corporation organized without stockholde rs and includes a nonprofit corporation with members.
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Related to Mutual corporation

  • Municipal corporation means, in general terms, a status conferred upon a local government unit, by state law giving the unit certain autonomous operating authority such as the power of taxation, power of eminent domain, police power and regulatory power, and includes a joint economic development district or joint economic development zone that levies an income tax under section 715.691, 715.70, 715.71, or 715.74 of the Ohio Revised Code.

  • Corporate Headquarters means the location that is the primary center of direction, control and coordination for the company.

  • Health and Human Services or “HHS” includes HHSC and DSHS.

  • Public corporation means the same as that term is defined in Section 63E-1-102.