Which of the Following Statements Is True About Cooperatives

question 72

Multiple Choice

Which of the following statements is true about cooperatives?

• A) Courts never treat cooperatives like a partnership.
• B) Like shareholders of a corporation, members of incorporated cooperatives enjoy limited liability.
• C) Cooperatives are not incorporated.
• D) Unincorporated cooperatives are treated like limited liability companies.
• E) Cooperatives may be incorporated or unincorporated, however, in either case, liability for its members is the same.

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