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01-19-2011, 03:03 AM #23OPSenior Member
Legislative Bills
Here is a draft that I have that I used to fill in the Articles of Incorporation. I left the name out. Each number pertains to an article.
And this passed the states muster.
(2) Shall exist until dissolution by board of Directors
(3) To provide non-prescription medicine to a special distinct class of patient as a network or cooperative of contiguous designated providers.
(4) (a)All non-board members must hold a valid Washington State Doctors Authorization for specific medical conditions and necessities. All non-board members have equal relative rights.
(b)All members shall pay a yearly dues/membership fee to be determined yearly.
The initial dues/membership fee will be Twenty-five dollars ($25.00) per year.
(5) No capital stock shall be issued. All members shall assign their privileges of non-prescription medicine in escrow with the corporation. The distribution of shares to members shall not exceed their designated allotments without written permission of the majority of the board members.
(6) The corporation shall distribute surpluses as per vote and determination of the majority of the board of directors in the denominations or other values as determined by the majority of the board of directors.
(7) Distribution of assets upon dissolution shall be determined by a majority of the board of directors.
(8) Any dissenting member shall be limited to a return of held shares equal to the value at the time of the memberâ??s separation from the cooperative.
(9) To be determined
(10) â??
(11) â??
(12) â??
I have a hard copy too of what I submitted to the state.
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