§ 54-131 – Who may organize.
54-131. Who may organize. Three or more persons engaged in the production of agricultural products may form a nonprofit, cooperative association, with or without capital stock, under the provisions of this Subchapter. (1921, c. 87, s. 3; C.S., s. 5259(c); 1979, c. 908, s. 1.)
§ 54-132 – Purposes.
54-132. Purposes. An association may be organized to engage in any activity in connection with the producing, marketing or selling of the agricultural products of its members and other farmers, or with the harvesting, preserving, drying, processing, canning, packing, storing, handling, shipping, or utilization thereof, of the manufacturing or marketing of the by-products thereof; or […]
§ 54-133 – Preliminary investigation.
54-133. Preliminary investigation. Every group of persons contemplating the organization of an association under this Subchapter is urged to communicate with the Chief of the Division of Markets, who will inform it whatever a survey of the marketing conditions affecting the commodities to be handled by the proposed association indicates regarding probable success. (1921, c. […]
§ 54-134 – Articles of incorporation.
54-134. Articles of incorporation. Each association formed under this Subchapter must prepare and file articles of incorporation, setting forth: (1) The name of the association. (2) The purposes for which it is formed. (3) The place where its principal business will be transacted. (4) The period of duration, which may be perpetual. When the articles […]
§ 54-135 – Amendments to articles of incorporation.
54-135. Amendments to articles of incorporation. (a) An association may amend its charter from time to time in any and as many respects as may be desired, so long as its charter as amended contains only such provisions as are lawful under this Subchapter. (b) Amendments to the charter shall be made as follows: The […]
§ 54-136 – Bylaws.
54-136. Bylaws. Each association incorporated under this Subchapter must, within 30 days after its incorporation, adopt for its government and management a code of bylaws, not inconsistent with the powers granted by this Subchapter. A majority vote of a quorum of the members or stockholders attending a meeting, of which notice of the proposed bylaw […]
§ 54-137 – General and special meetings; how called.
54-137. General and special meetings; how called. In its bylaws each association shall provide for one or more regular meetings annually. The board of directors shall have the right to call a special meeting at any time, and ten percent (10%) of the members or stockholders may file a petition stating the specific business to […]
§ 54-129 – Declaration of policy.
54-129. Declaration of policy. In order to promote, foster, and encourage the intelligent and orderly producing and marketing of agricultural products through cooperation, and to eliminate speculation and waste, and to make the distribution of agricultural products as direct as can be efficiently done between producer and consumer, and to stabilize the marketing problems of […]