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§ 31g-2-5 — West Virginia Law | CourtGPT
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  5. Article 2 - Cooperative Associations§31g-2-1. Definitions/
  6. § 31g-2-5
West Virginia Legal Code

§ 31g-2-5

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(a) Under the terms and conditions prescribed in the bylaws adopted by it, a cooperative association may admit as members, or issue common stock to, only qualified persons.(b) If a member of a nonstock association be other than a natural person, the member may be represented by an individual, associate, officer or manager or member thereof, duly authorized in writing.(c) One association organized hereunder may become a member or stockholder of any other association or associations organized under this article or similar laws of any state.