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| Title 2. Agriculture | 
 Oklahoma Statutes Citationized
Oklahoma Statutes Citationized
   Title 2. Agriculture
Title 2. Agriculture
     Chapter 1 - Agricultural Code
Chapter 1 - Agricultural Code
       Cooperative Marketing Association Act
Cooperative Marketing Association Act
         Article Article 17 - Cooperative Marketing Associations
Article Article 17 - Cooperative Marketing Associations
         Section 17-3                   - Definitions - Nonprofit Associations
Section 17-3                   - Definitions - Nonprofit Associations
Cite as:  O.S. §, __  __
A. As used in the 
Cooperative Marketing Association Act:
1. "Agricultural products" includes horticultural, viticultural, nut, dairy, livestock, poultry, bee, and any other farm products;
2. "Member" means, in addition to those admitted to membership in an association without capital stock, holders of common stock in associations organized with capital stock;
3. "Association" means any corporation organized pursuant to the Cooperative Marketing Association Act or any similar corporation organized under any general or special act of this or any other state as a cooperative association, for the mutual benefit of its members, as agricultural producers, in which the return on the stock or membership capital is limited to an amount not to exceed eight percent (8%) per annum, and which during any fiscal year does not deal with nonmembers' products to an amount greater in value than members' products; and
4. "Person" includes individuals, partnerships, firms, corporations, associations, trusts, estates, limited liability companies and any other legal entities recognized to do business in Oklahoma.
B. Associations organized pursuant to the Cooperative Marketing Association Act shall be deemed nonprofit, inasmuch as they are not organized to make profit for themselves, nor for their members, but only for their members as producers or users of products purchased.
Historical Data
Laws 1937, p. 261, § 3; Amended by Laws 2001, HB 1330, c. 38, § 3, eff. November 1, 2001 ( superseded document available ); Renumbered from 2 O.S. § 361b by Laws 2001, HB 1330, c. 38, § 26, eff. November 1, 2001.
Citationizer© Summary of Documents Citing This Document| Cite | Name | Level | |
|---|---|---|---|
| Oklahoma Attorney General's Opinions | |||
| Cite | Name | Level | |
| 1982 OK AG 185, | Question Submitted by: The Honorable Kenneth Landis, Oklahoma State Senate | Cited | |
| Title 2. Agriculture | |||
| Cite | Name | Level | |
| 2 O.S. 361b, | Renumbered as 2 O.S. § 17-3 by Laws 2001, HB 1330, c. 38, § 26, eff. November 1, 2001 | Discussed | |
| 2 O.S. 5-101, | Definitions | Cited | |
| Cite | Name | Level | |
|---|---|---|---|
| Title 2. Agriculture | |||
| Cite | Name | Level | |
| 2 O.S. 361b, | Cited | ||
| 2 O.S. 361b, | Renumbered as 2 O.S. § 17-3 by Laws 2001, HB 1330, c. 38, § 26, eff. November 1, 2001 | Cited | |