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Title 2. Agriculture

Oklahoma Statutes Citationized
  Title 2. Agriculture
    Chapter 1 - Agricultural Code
      Cooperative Marketing Association Act
        Article Article 17 - Cooperative Marketing 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 November 1, 2001 ( superseded document available ); Renumbered from 2 O.S. § 361b by Laws 2001, HB 1330, c. 38, § 26, eff.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
 CiteNameLevel
 1982 OK AG 185, Question Submitted by: The Honorable Kenneth Landis, Oklahoma State SenateCited
Title 2. Agriculture
 CiteNameLevel
 2 O.S. 361b, Renumbered as 2 O.S. § 17-3 by Laws 2001, HB 1330, c. 38, § 26, eff. November 1, 2001Discussed
 2 O.S. 5-101, DefinitionsCited
Citationizer: Table of Authority
Cite Name Level
Title 2. Agriculture
 CiteNameLevel
 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, 2001Cited