76 BULLETIN" 547, U. S. DEPARTMENT OF AGRICULTURE. 
Stock ownership: Not to exceed §1,000. 
Purchasing of business of other organizations: By majority vote, not to exceed 25 
per cent of its capital. 
Voting: Each member one vote. 
Voting by mail: Permitted if vote is accompanied by a copy of the question. 
Distribution of earnings: May be revised by association, stock dividends not to 
exceed 6 per cent, not less than 10 per cent of net profits to reserve until 30 per cent 
of paid-up capital stock is accumulated, 5 per cent of net profits for educational fund, 
patronage dividends to shareholders and employees and to nonshareholders at one- 
half rate. 
Dissolution: If no stock dividends are paid for three successive years, five or more 
may apply to circuit court. 
Use of word "cooperative": Not to be used as part of name by any organization 
formed after the passage of this act unless it complies with act. 
WASHINGTON (NONSTOCK). 
Scope and purpose: Any lawful purpose except carrying on of a busniess, trade 
avocation, or profession for profit. 
Number who may organize: Five or more. 
Filing of articles of incorporation: With secretary of state and county auditor of 
county in which principal place of business is located. 
Filing fee: Same as for stock corporations. 
Management: According to by-laws. 
Capital stock : Nonstock. 
Voting: All members have equal power. 
Dissolution: Upon written request of two-thirds of the members. 
Provisions for existing organizations: So deciding by a majority vote and filing state- 
ment with secretary of state and county auditor. 
WASHINGTON (CAPITAL STOCK). 
Scope and purpose: Any lawful business. 
Number who may organize: Five or more. 
Filing of articles of incorporation and amendments: With secretary of state and 
county auditor of county in which principal place of business is located. 
Filing fee: $25 to secretary of state and 15 cents per 100 words to auditor. For 
amendments, $10 to secretary of state and 15 cents per 100 words to auditor. 
Management: Not less than three directors. Officers shall be president, one or more 
vice presidents, secretary, and treasurer. 
Issuance of stock: When paid for in full. 
Stock ownership: Not more than one-fifth of stock. 
Purchasing of business of other associations: By a majority vote of a majority of the 
stockholders. 
Voting: Each member one vote. 
Voting by mail: Permitted if accompanied by a written copy of the question. 
Distribution of earnings: Capital stock dividends not to exceed 8 per cent, 10 to 25 
per cent of remainder of net profits to reserve fund, patronage dividends to members, 
to nonmembers at one-half the rate to members. 
Annual report: To secretary of state. 
Provisions for existing organizations: Filing sworn statement with secretary of state. 
Use of word "cooperative " : Not to be used as part of name by any corporation not 
complying with this act. 
