Effective – 28 Aug 1949 274.010. Title of law. — For the purpose of brevity and convenience this chapter may be indexed, referred to and cited as “The Nonprofit Cooperative Marketing Law”. ——– (RSMo 1939 § 14334, A. 1949 S.B. 1098) Prior revision: 1929 § 12676
Effective – 28 Aug 1949 274.020. Definitions. — As used in this chapter, the following words and terms shall have the meaning indicated: (1) “Agricultural products” includes horticultural, viticultural, forestry, dairy, livestock, poultry, bee or any farm products; (2) “Association”, any corporation organized under this chapter; associations organized hereunder shall be deemed “nonprofit” inasmuch as […]
Effective – 28 Aug 1996 274.030. Nonprofit cooperative associations — purposes — owners or operators of a family farm or family farm corporation may engage in production of livestock. — 1. Eleven or more persons, except corporations excluded from engaging in farming pursuant to the provisions of section 350.015, a majority of whom are residents […]
Effective – 28 Aug 1939 274.040. Members — qualifications — proxies — joint associations. — 1. Under the terms and conditions prescribed in the bylaws adopted by it, any association may admit as members, only persons engaged in the production of the agricultural products to be handled by or through the association, including the lessees […]
Effective – 28 Aug 1939 274.050. Membership certificate — liabilities — voting rights. — 1. When a member of an association has paid his membership fee in full, he shall receive a certificate of membership. 2. No member shall be liable for the debts of the association to an amount exceeding the sum remaining unpaid […]
Effective – 28 Aug 2001 274.060. Powers of associations. — Each association incorporated under this chapter shall have the following powers: (1) To engage in any activity in connection with the marketing, selling, preserving, harvesting, drying, processing, manufacturing, canning, packing, grading, storing, handling or utilization of any agricultural products produced or delivered to it by […]
Effective – 28 Aug 1945 274.070. Articles of incorporation. — 1. Each association formed under this chapter 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 term for which […]
Effective – 28 Aug 1945 274.080. Articles of incorporation may be amended. — The articles of incorporation may be altered or amended at any regular meeting or any special meeting called for that purpose. An amendment must first be approved by two-thirds of the directors and then adopted by a vote representing a majority of […]
Effective – 28 Aug 1945 274.090. Bylaws of association. — 1. Each association incorporated under this chapter must, within thirty days after its incorporation, adopt for its government and management, a code of bylaws, not inconsistent with the powers granted by this chapter. A majority vote of the members voting thereon, or their written assent, […]
Effective – 28 Aug 1939 274.100. Meetings of association. — 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 of the members may file a petition stating the specific business to […]
Effective – 28 Aug 1939 274.110. Directors to manage affairs of association. — 1. The affairs of the association shall be managed by a board of not less than five directors, elected by the members from their own number. 2. The bylaws may provide that the territory in which the association has members shall be […]
Effective – 28 Aug 1945 274.120. Officers elected by directors. — The directors shall elect from their number a president and one or more vice presidents. They shall also elect a secretary and a treasurer, who need not be directors or members of the association; and they may combine the two latter offices and designate […]
Effective – 28 Aug 1939 274.130. Officers and employees to give bonds. — Every officer, employee and agent handling funds or negotiable instruments or property of or for any association created hereunder shall be required to execute and deliver adequate bonds for the faithful performance of his duties and obligations. ——– (RSMo 1939 § 14344) […]
Effective – 28 Aug 1939 274.140. Charges made in writing — removals, how made. — 1. 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 five percent of the members, requesting the removal of the officer or […]
Effective – 28 Aug 1939 274.150. Decisions by directors referred to members, how. — Upon demand of one-third of the entire board of directors, made at the same meeting at which the original motion was passed immediately and so recorded, any matter of policy that has been approved or passed by the board must be […]
Effective – 28 Aug 1939 274.160. Annual reports — contents. — Each association formed under this chapter shall prepare and make out an annual report on forms, to be furnished by the state director of agriculture, containing the name of the association; its principal place of business; and a general statement of its business operations […]
Effective – 28 Aug 1939 274.170. Fee for filing incorporation papers — amendments. — For filing articles of incorporation, an association organized hereunder shall pay ten dollars; and for filing an amendment to the article, two dollars and fifty cents. ——– (RSMo 1939 § 14363) Prior revision: 1929 § 12705
Effective – 09 Jul 2010 274.180. Fees paid in lieu of other license or tax. — Each association organized hereunder shall pay an annual fee of ten dollars only, in lieu of all franchise or license or corporation or other taxes, including state sales taxes, or taxes or charges upon reserves held by it for […]
Effective – 28 Aug 1953 274.190. Previously organized associations may use provisions of this chapter — procedure. — 1. 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 chapter by limiting its membership and adopting the other restrictions […]
Effective – 28 Aug 1939 274.200. Marketing contracts — provisions. — The association and its members may make and execute marketing contracts, requiring the members to sell, for any period of time, not over ten years, all or any specified part of their agricultural products or specified commodities exclusively to or through the association or […]
