RSA 301-A:1 Definitions.
Title: XXVII - CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS
Chapter: 301-A - CONSUMERS' COOPERATIVE ASSOCIATIONS
In this chapter:
I. "Association" means any corporation formed under this chapter on a nonprofit basis.
II. "Capital" means, when an association is formed without capital stock, the total consideration for which the entire number of memberships in an association is issued.
III. "Member" means any ultimate consumer which has made full payment of the membership fee or minimum membership capital.
IV. "Membership" means membership in an association formed without shares or capital stock as well as membership in a share association or association organized with capital stock.
V. "Net savings" means the total income of an association minus the costs of operation.
VI. "Par value", when used in connection with an association without capital stock, means t