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Most of the older cooperative corporations originally were organized with capital structures which differed very little from those of other business corporations. They usually were organized as corporations with capital stock. Typically, they issued only common stock which was divided into shares having a substantial par value, most frequently $ioo. Today, a large and increasing number of cooperatives are organized as nonstock, membership corporations with little or no permanent capital,doi:10.2307/1189867 fatcat:3ac32bg2ojeo3eis7urysigtiu