Legal Definition and Related Resources of Co-operative Association

An association of individuals formed with a common object to provide for certain pre existing common needs for the members. It is different from a joint stock company or a partnership in that it lacks the speculative or profit making element. Also, while the shareholders composing a company may be unacquainted with the officers of the company or with one another and may be spread over the four corners of the world, and do not participate directly in the administration of the company, in the case of a cooperative association, the members have identical or analagous interests, usually reside in the same geographical area, have pre existing needs and associate for the very purpose of creating an instrument which will enable them to provide for such needs.

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Co-operative Association in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Co-operative Association in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Co-operative Association in the Legal Abbreviations and Acronyms Dictionary.

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