COOP

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Cooperative

Any organization owned by its members. A cooperative may be a business owned by its employees and/or customers, a residential complex owned by the people who live in it, or even a bank owned by its depositors. Certain legal requirements are incumbent upon cooperatives; for example, there is often a cap on how much of their profits may be distributed. See also: Cooperative economics.

COOP

References in periodicals archive ?
Despite many successes in recent years, the co-op sector in America is not even close to reaching its potential.
As to Hansen's contention that the co-op discriminated against her in refusing to transfer her mother's interest in membership in the co-op and denying her occupancy of her mother's unit, Justice Slade said the co-op's refusal was, indeed, based on her family status as outlined in the B.
92) A co-op teacher in Connecticut explained that the co-op offered "the child's first experience in democratic living wherein he learns how to accept himself and others.
The co-op failed in 1984 and suit was brought by the note holders against Young.
Member responsibilities begin at the conception of the co-op and remain in place throughout its existence.
Bankruptcy Court for a 363 sale and liquidation of the property, which would have allowed the winning bidder to de-convert the coop structure and assume ownership of units formerly owned by the co-op shareholders.
NOTE TO EDITORS: Past CO-OP recipients are available to discuss the benfits of the CO-OP with the media.
During interviews, a co-op spokesperson may want to mention some of the major challenges facing the co-op, and the opportunities it sees ahead.
The hunt for his successor is under the direction of a search committee from the CO-OP Network board of directors and is being assisted by Muller and Associates, a New York-based executive search firm.
But farmer co-ops are only one sector of the co-op economy.
The co-op is 78% sold and the loan featured a rate of 4.
With the assistance of security systems integrator Subsentio, the co-op evaluated and chose iPolicy Network's solution to clean its network feeds, improve uptime and free up the bandwidth of its expensive T-1 lines.