Chapter 22 - Copra Fund

24.2201 Creation of fund.

There is created a nonprofit corporation to b…

24.2202 Purposes.

The purposes of the Copra Fund are to: (1) pr…

24.2203 Place of business.

The principal place of business of the Copra…

24.2204 Board of Directors.

The governing body of the Copra Fund shall be…

24.2205 Quorum.

Four Directors shall constitute a quorum of t…

24.2206 Powers and duties of Directors.

The Directors shall have the following powers…

24.2207 Officers-Compensation.

(a) The officers of the fund shall be the cha…

24.2208 Chairman-Duties.

(a) If at any time the chairman is unable to…

24.2209 Secretary and treasurer-Duties.

(a) It shall be the duty of the secretary to:…

24.2210 Inspection of books and accounts.

The books of the Copra Fund and such papers a…

24.2211 Rules and regulations-Standards of quality of copra.

The Board of Directors has the power to estab…

24.2212 Expenses of fund.

All expenses of maintaining the Copra Fund, i…

24.2213 Surplus funds-Use.

Any surplus over and above the actual expendi…

24.2214 Local managers.

The Board of Directors may, in its discretion…

24.2215 Borrowing of money by fund.

The Copra Fund shall have the power, on affir…