§ 43-16-140. Warehousing Corporations Issuing Warehouse Receipts to Association or Its Members — Discrimination Prohibited
If those corporations are warehousing corporations, they may issue legal warehouse receipts to the association against the commodities delivered by it or to any other person, and the legal warehouse receipts shall be considered as adequate collateral to the extent of the usual and current value of the commodity represented by the receipts. In case […]
§ 43-16-141. Association May Contract With Other Cooperative Associations
Any association may, upon resolution adopted by its board of directors, enter into all necessary and proper contracts and agreements, and make all necessary and proper stipulations, agreements, and contracts and arrangements with any other cooperative corporation, association, or associations, formed in this or in any other state, for the cooperative and more economical carrying […]
§ 43-16-142. Associations of Other States Upon Compliance With Laws as to Foreign Corporations Doing Business in This State
Any corporation or association organized under generally similar laws of another state shall be allowed to carry on any proper activities, operations or functions in this state upon compliance with the general regulations applicable to foreign corporations desiring to do business in this state, and the payment into the office of the secretary of state […]
§ 43-16-143. Marketing Contracts Do Not Constitute Conspiracy, Combination, Illegal Monopoly, or Unlawful Restraint of Trade
No association organized under this chapter and complying with the terms of this chapter shall be deemed to be a conspiracy or a combination in restraint of trade or an illegal monopoly, or an attempt to lessen competition or to fix prices arbitrarily; nor shall the marketing contracts and agreements between the association and its […]
§ 43-16-144. General Corporation Laws Applicable — Exception
The general corporation laws and all powers and rights under those laws apply to the associations organized under this chapter, except where such provisions are in conflict or inconsistent with the express provisions of this chapter.
§ 43-16-145. Annual Fee in Lieu of Other Taxes — Exception
Each association organized under this chapter shall pay an annual fee of ten dollars ($10.00) only, in lieu of all franchise, license, corporation or other privilege taxes, or taxes or charges upon reserves held by it for members; provided, that if any association organized under this chapter sells to persons other than its own members […]
§ 43-16-147. Combinations of Existing Corporations Into Associations — Amendment of Charters
Corporations not for profit, of this class, previously organized under the general incorporation laws or laws later enacted, are empowered to combine into associations upon such terms as may be provided and agreed upon, or by one corporation becoming a member of the other. Further, preexisting charters of the corporations are amended, under the power […]
§ 43-16-148. Corporations Organized as Subsidiaries of Agricultural Cooperative Associations Exempt From Privilege Taxes
All corporations organized as subsidiaries and controlled by any agricultural cooperative association formed in accordance with the laws of this state shall not be considered corporations organized for profit and doing business in Tennessee, or subject to any privilege tax levied by any law as a tax for the privilege of doing business for profit […]
§ 43-16-138. Exemptions of Agricultural Products Apply, Though in Possession of Association
Any exemptions whatsoever under all existing laws applying to agricultural products in the possession or under the control of the individual producer shall apply similarly and completely to such products delivered by its former members in the possession or under the control of the association.
§ 43-16-139. Association May Be Interested in Other Like Associations
An association may organize, form, operate, own, control, have an interest in, own stock of, or be a member of any other corporation or corporations, with or without capital stock, and engaged in preserving, drying, processing, canning, packing, storing, handling, shipping, utilizing, manufacturing, marketing, or selling of the agricultural products handled by the association or […]