adly, it has now come to this. We are no longer a Non-Stock Corporation but a Stock Corporation as reflected in the document acknowledged by the SEC Head Office, dated October 14, 2014.
What is a Stock Corporation?
“A stock corporation as the name implies, issues shares of stock in return for an interest in the corporation. Those receiving stock are known as stockholders or shareholders. Stockholders are entitled to vote for the corporation’s board of directors but are generally not entitled to participate in the day-to-day activities of the company.
A non-stock corporation does not issue stock and has members rather than stockholders. Members of a non-stock corporation are similar in many respects to members of an unincorporated association. A community association or club is an example of a non-stock corporation.
Please continue reading. All credits to Benito Affleck.