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Simple English definitions for legal terms

co-operative (co-op)

Read a random definition: fair hearing

A quick definition of co-operative (co-op):

Co-operative (Co-op): A type of business where people work together to meet a common need. It's different from other businesses because it's run democratically, which means everyone has a say in how things are done. Co-ops can be found in many areas of the economy, such as stores, utilities, banks, housing, agriculture, and work.

A more thorough explanation:

A co-operative, or co-op, is a type of business organization that is typically governed by state law. However, some federal laws may also apply to certain co-ops. Unlike corporations and other business entities, co-ops are essentially democratic in nature and focus on meeting the common needs of their members rather than fulfilling the fiduciary needs of shareholders.

Co-operatives can be found in various sectors of the economy, including:

  • Consumer co-ops: These co-ops operate businesses such as food stores, bookstores, and hardware stores that are owned and controlled by their members.
  • Rural utility co-ops: These co-ops provide utility services such as electricity, water, and telecommunications to rural areas.
  • Credit unions: These co-ops offer financial services such as savings accounts, loans, and other banking services to their members.
  • Housing co-ops: These co-ops provide affordable housing to their members, who collectively own and manage the properties.
  • Agricultural co-ops: These co-ops are involved in the supply, marketing, and manufacture of agricultural products, and are owned and controlled by farmers.
  • Worker co-ops: These co-ops are owned and controlled by their employees, who share in the profits and decision-making of the business.

For example, a consumer co-op like a food store is owned and controlled by its members, who have a say in the store's operations and share in its profits. Similarly, a housing co-op allows its members to collectively own and manage their housing, providing affordable housing options. These examples illustrate how co-operatives prioritize the needs of their members over the interests of shareholders.

cloud on title | COBRA

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m10
11:58
Nah nah she would not like that. She is conservative.
BulbasaurNoLikeCardio
11:58
Tell her you just got over a cold and if she wants to try and steal your germs its on her but no one likes being sick so hopefully she is chill
m10
11:59
We will see. This is enough feedback. Thank you all.
12:00
tell her you wanna test and see if your immune systems are compatible, that gets the ladies going
m10
12:00
Lol, maybe
babycat
12:00
lmao when you give the republican baddie the ick by masking up
12:01
LOL
Dkk
12:02
Just part of the culture.
BulbasaurNoLikeCardio
12:04
I wish that wearing a mask when sick stuck around as an okay thing like it is in the rest of the world, not all of us have enough sick days to be ditching work.
Dkk
12:04
Unless its like an N95 i dont think it will really do anything
12:04
there's even a mask ban in some places. altho one of my coworkers wears a mask anyway despite customers being rude to her about it
12:05
good morning
12:05
why does umiami ask "Are you applying, or have you applied, to other law schools? If so, please list them."
BulbasaurNoLikeCardio
12:05
One manager came in sick wearing a mask, got roasted and stopped wearing it that day. The entire office has been cycling sickness for two weeks now. It may not be super effective but it may help in slowing the spread during meetings when we have to be so close
12:05
am i the only one who has never gotten my status checker to work on here?
BulbasaurNoLikeCardio
12:06
@ChowieBean: want to see what schools they share an applicant pool with, think it is all data harvesting stuff no a +/- for the applicant
12:06
ok good cuz idk whether i wanna tell them or not
12:06
thanks bulbasaur
12:08
not to be that guy again but berkeley person/applicant id is back and Shiny New Logo
be that guy
EW THE NEW LOGO IS SO UGLY
WTF
12:09
need to send in my berkeley app rawwwww
BulbasaurNoLikeCardio
12:09
@ChowieBean: should be required to tell them, the schools who asked I only told them the schools in their area not all of them.
BulbasaurNoLikeCardio
12:10
*shouldnt be
12:12
@jackfrost11770: if i get a berk A today and they have that logo im withdrawing (/s /s /s /j /j /j)
babycat
12:12
@ChowieBean: me too lol. you applying to public interest scholars program?
12:14
yes def applying public interest
12:16
i was raised like blocks away from umiami
12:16
idk if i wanna go back to florida tho so im applying there as safety/target 💀
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