Okla. Stat. tit. 2, § 2-17-3
This is the official text of Okla. Stat. tit. 2, § 2-17-3, part of Oklahoma’s Stat. tit. 2, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 2,." Browse the sections below, each linked to its official government source.
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Definitions
Official statutory text
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
Oklahoma Statutes - Title 2. Agriculture Page 620
organized to make profit for themselves, nor for their members, but
only for their members as producers or users of products purchased.
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
Oklahoma Statutes - Title 2. Agriculture Page 620
organized to make profit for themselves, nor for their members, but
only for their members as producers or users of products purchased.
Status: in_force · Read it on the official government site
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