l9n/ Mississippi

2011 Regular Session

Senate Bill 2123

Cooperatives; provide for the incorporation of.

Did not become law. It stopped in the Senate's Judiciary, Division A Committee on February 1, 2011. The 2011 session has ended.

What it does

The synopsis the Legislature published with the bill.

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 MEETINGS 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.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the Senate

Its course

January 4 to February 1, 2011, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action2 actions on 2 days

In the SenateJan 4 to Feb 1 · stopped28 days

Judiciary, Division AJan 4 to Feb 1 · stopped28 days

Text

Each version as the Legislature printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislature published it is below.

In the Senate Jan 4 – Feb 1

  1. Jan 4Referred to the Senate committee on Judiciary, Division A
  2. Feb 1Died in committee in the Senate
All 2 actions, as published
  1. Jan 4Referred To Judiciary, Division ASenate
  2. Feb 1Died In CommitteeSenate