Consumer Stock Ownership Plan

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Description

"An expanded capital ownership vehicle for providing self-liquidating, productive credit to the regular customers of public utilities, marketing cooperatives, mass transit systems, family health care systems, etc., linking them as owners to the enterprise's future investment opportunities and capital growth. For his patronage, the regular customer would get back ownership rights, represented by shares released to his CSOP account as the CSOP's debt is repaid with pre-tax earnings paid in the form of tax-deductible dividends on CSOP-held shares. Released shares would be allocated among users according to their relative patronage of the system. Future dividends on CSOP stock would be used to offset each user's monthly bill. The CSOP would also create an internal market for repurchasing shares when there is no public market for the shares." (http://www.cesj.org/definitions/glossary.html)