§ 54-153 – Purchasing business of other associations, persons, firms, or corporations; payment; stock issued.
54-153. Purchasing business of other associations, persons, firms, or corporations; payment; stock issued. Whenever an association organized hereunder with preferred capital stock shall purchase the stock or any property, or any interest in any property of any person, firm, or corporation or association, it may by agreement with the other party or parties to the […]
§ 54-154 – Annual reports.
54-154. Annual reports. Each association formed under this Subchapter shall prepare and make out an annual report on forms furnished by the Division of Markets, containing the name of the association, its principal place of business, and a general statement of its business operations during the fiscal year, showing the amount of capital stock paid […]
§ 54-155 – Interest in other corporations or associations.
54-155. Interest in other corporations or associations. An association may organize, form, operate, own, control, have 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 […]
§ 54-156 – Contracts and agreements with other associations.
54-156. Contracts and agreements with other 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, […]
§ 54-157 – Breach of marketing contract of cooperative association; spreading false reports about the finances or management thereof; misdemeanor.
54-157. Breach of marketing contract of cooperative association; spreading false reports about the finances or management thereof; misdemeanor. Any person or persons, or any corporation whose officers or employees knowingly induces or attempts to induce any member or stockholder of an association organized hereunder to breach his marketing contract with the association, or who maliciously […]
§ 54-148 – Stock; membership certificates; when issued; voting; liability; limitation on transfer of ownership.
54-148. Stock; membership certificates; when issued; voting; liability; limitation on transfer of ownership. (a) When a member of an association established without capital stock has paid his membership fee in full, he shall receive a certificate of membership. (b) No association shall issue stock to a member until it has been fully paid for. The […]
§ 54-149 – Removal of officer or director.
54-149. Removal of officer or director. Any member may bring charges against an officer or director by filing them in writing with the secretary of the association, together with a petition signed by ten percent (10%) of the members, requesting the removal of the officer or director in question. The removal shall be voted upon […]
§ 54-150 – Referendum.
54-150. Referendum. Upon demand of one third of the entire board of directors, any matter that has been approved or passed by the board must be referred to the entire membership of the stockholders for decision at the next special or regular meeting: Provided, however, that a special meeting may be called for the purpose. […]
§ 54-151 – Powers.
54-151. Powers. Each association incorporated under this Subchapter shall have the following powers: (1) To engage in any activity in connection with the producing, marketing, selling, harvesting, preserving, drying, processing, canning, packing, storing, handling, or utilization of any agricultural products produced or delivered to it by its members and other farmers; or the manufacturing or […]
§ 54-140 – Association heretofore organized may adopt the provisions of this Subchapter.
54-140. Association heretofore organized may adopt the provisions of this Subchapter. Any corporation or association organized under previously existing statutes may, by a majority vote of its stockholders or members, be brought under the provisions of this Subchapter by limiting its membership and adopting the other restrictions as provided herein. It shall make out in […]