12 – Action or Proceeding by Unincorporated Association.
§ 12. Action or proceeding by unincorporated association. An action or special proceeding may be maintained, by the president or treasurer of an unincorporated association to recover any property, or upon any cause of action, for or upon which all the associates may maintain such an action or special proceeding, by reason of their interest […]
1 – Short Title.
§ 1. Short title. This chapter shall be known as the “General Associations Law.”
2 – Definitions.
§ 2. Definitions. As used in this chapter: 1. The term “joint stock association” includes every unincorporated joint stock association, company or enterprise having written articles of association and capital stock divided into shares, but does not include a corporation or a business trust. 2. The term “business trust” means any association operating a business […]
3 – Contents of Articles of Association.
§ 3. Contents of articles of association. The articles of association of a joint-stock association may: 1. Provide that the death of a stockholder thereof, or the transfer of his shares of stock therein, shall not work a dissolution of the association; 2. Prescribe the number of its directors, not less than three, to have […]