SECTIONS 12200-12203 - California Statutes

CORPORATIONS CODE

SECTION 12200-12203

12200. This part shall be known as the Consumer Cooperative
Corporation Law. This part is intended primarily to apply to the
organization and operation of consumer cooperatives. It is also
applicable to other cooperatives, including, but not limited to,
cooperatives formed for the purpose of recycling or treating
hazardous wastes, which elect to incorporate under it.

12201. Subject to any other provision of law of this state applying
to the particular class of corporation or line of activity, a
corporation may be formed under this part for any lawful purpose
provided that it shall be organized and shall conduct its business
primarily for the mutual benefit of its members as patrons of the
corporation. The earnings, savings, or benefits of the corporation
shall be used for the general welfare of the members or shall be
proportionately and equitably distributed to some or all of its
members or its patrons, based upon their patronage (Section 12243) of
the corporation, in the form of cash, property, evidences of
indebtedness, capital credits, memberships, or services.
Such corporations are democratically controlled and are not
organized to make a profit for themselves, as such, or for their
members, as such, but primarily for their members as patrons (Section
12243).

12202. (a) The provisions of this part apply to corporations
existing pursuant to Part 2 (commencing with Section 12200) of
Division 3 of Title 1 in effect immediately prior to January 1, 1984.
(b) The existence of corporations formed or existing on the date
of enactment of this part shall not be affected by the enactment or
reenactment of this part or by any change in the requirements for the
formation of corporations or by the amendment or repeal of the laws
under which they were formed or created.
(c) Neither the repeal of Part 2 (commencing with Section 12200)
of Division 3 of Title 1 as in effect immediately prior to January 1,
1984, nor the reenactment or amendment of this part shall impair or
take away any existing liability or cause of action against any
corporation, its members, shareholders, directors, or officers
incurred prior to the enactment of this part.

12203. Unless the provisions or the context otherwise requires, the
definitions set forth in this part govern the construction of this
part.