Legal Phases of Cooperative Associations

Front Cover
U.S. Government Printing Office, 1942 - Agriculture, Cooperative - 456 pages

From inside the book

What people are saying - Write a review

We haven't found any reviews in the usual places.

Other editions - View all

Common terms and phrases

Popular passages

Page 228 - The farmers' cooperatives exempt from taxation to the extent provided in subsection (a) are farmers', fruit growers', or like associations organized and operated on a cooperative basis (A) for the purpose of marketing the products of members or other producers, and turning back to them the proceeds of sales, less the necessary marketing expenses, on the basis of either the quantity or the value of the products furnished by them, or...
Page 189 - ... or to forbid or restrain individual members of such organizations from lawfully carrying out the legitimate objects thereof ; nor shall such organizations, or the members thereof, be held or construed to be illegal combinations or conspiracies in restraint of trade, under the antitrust laws.
Page 186 - Columbia, or in .restraint of trade or commerce between any such Territory and another, or between any such Territory or territories and any State or states or the District of Columbia, or with foreign nations, or between the District of Columbia and any State or states or foreign nations, is hereby declared illegal.
Page 191 - Second. That the association does not pay dividends on stock or membership capital in excess of 8 per centum per annum. And in any case to the following : Third. That the association shall not deal in the products of nonmembers to an amount greater in value than such as are handled by it for members.
Page 228 - ... and equipment to them at actual cost, plus necessary expenses. Exemption shall not be denied any such association because it has capital stock, if the dividend rate of such stock is fixed at not to exceed the legal rate of interest in the State of incorporation or 8 per centum per annum, whichever is greater, on the value of the consideration for which the stock was issued...
Page 196 - First, that no member of the association is allowed more than one vote because of the amount of stock or membership capital he may own therein; and second, that the association does not pay dividends on stock or membership capital in excess of 8 per centum per annum.
Page 288 - Such an association may market the products of nonmembers in an amount the value of which does not exceed the value of the products marketed for members, and may purchase supplies and equipment for nonmembers In an amount the value of which does not exceed...
Page 223 - Business" includes any activity engaged in by any person, or caused to be engaged in by him, with the object of gain, benefit, or advantage, either direct or indirect.
Page 197 - That if the Secretary of Agriculture shall have reason to believe that any such association monopolizes or restrains trade in Interstate or foreign commerce to such an extent that the price of any agricultural product is unduly enhanced by reason thereof...
Page 186 - Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is hereby declared to be illegal. Every person who shall make any such contract or engage in any such combination or conspiracy, shall be deemed guilty of a misdemeanor...

Bibliographic information