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Title 17 Corporations, Partnerships and Associations

Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.

Change 1

What to do with it
As published

17-10-115. Apportionment of net profits by directors of corporation with capital stock.

(a) The directors in any cooperative association organized under this article may set aside a portion of net income to create or maintain a capital reserve as they see fit or may set aside none, in their discretion. In addition to a capital reserve, the board may: (i) Set aside an amount not to exceed five percent (5%) of the annual net income of the cooperative association for: (A) Promoting and encouraging cooperative organization; (B) Promotion, education or research activities which are beneficial to the cooperative, its members and products; and (C) Any other endeavor or effort which the board deems is in the best interests of the cooperative or its members. (ii) Establish and accumulate reserves for new buildings, machinery and equipment depreciation, losses and other purposes. (b) Repealed By Laws 2001, Ch. 144, § 4.

Your change, as a redline

17-10-115. Apportionment of net profits by directors of corporation with capital stock.

(a) The directors in any cooperative association organized under this article may set aside a portion of net income to create or maintain a capital reserve as they see fit or may set aside none, in their discretion. In addition to a capital reserve, the board may: (i) Set aside an amount not to exceed five percent (5%) of the annual net income of the cooperative association for: (A) Promoting and encouraging cooperative organization; (B) Promotion, education or research activities which are beneficial to the cooperative, its members and products; and (C) Any other endeavor or effort which the board deems is in the best interests of the cooperative or its members. (ii) Establish and accumulate reserves for new buildings, machinery and equipment depreciation, losses and other purposes. (b) Repealed By Laws 2001, Ch. 144, § 4.

One line that says what changes, such as "Halve the dog tax".

Who it helps, what it costs, what it fixes. It is what persuades people to support it.

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