Legal Phases of Cooperative Associations |
From inside the book
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Page 3
... shares which a producer may own . This is in contrast with the situation in commercial corporations in which , from a legal stand- point , a shareholder may own any available number of shares . Frequently , even in capital - stock ...
... shares which a producer may own . This is in contrast with the situation in commercial corporations in which , from a legal stand- point , a shareholder may own any available number of shares . Frequently , even in capital - stock ...
Page 5
... share or shares of its stock and the meeting by the purchaser of any other authorized re- quirements of the association ; membership in a nonstock cooperative association is had through application for membership and acceptance by the ...
... share or shares of its stock and the meeting by the purchaser of any other authorized re- quirements of the association ; membership in a nonstock cooperative association is had through application for membership and acceptance by the ...
Page 21
... shares owned by him . Under statutes providing that each share of common stock carries a vote , it is necessary to stipulate that no person may own more than one share of stock if the principle " one- man one - vote " is to be retained ...
... shares owned by him . Under statutes providing that each share of common stock carries a vote , it is necessary to stipulate that no person may own more than one share of stock if the principle " one- man one - vote " is to be retained ...
Page 22
... share of common stock . Moreover , it should be noted that a stock coopera- tive may use common stock , preferred stock , or revolving - fund cer- tificates as the medium for revolving its capital . The writer is of the opinion that the ...
... share of common stock . Moreover , it should be noted that a stock coopera- tive may use common stock , preferred stock , or revolving - fund cer- tificates as the medium for revolving its capital . The writer is of the opinion that the ...
Page 23
... shares to enable them to control the business for their own benefit . In other instances , stockholders who were no longer patronizing the association ' have sought to have it dissolved in order that the assets might be dis- tributed ...
... shares to enable them to control the business for their own benefit . In other instances , stockholders who were no longer patronizing the association ' have sought to have it dissolved in order that the assets might be dis- tributed ...
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Common terms and phrases
agent amount articles of incorporation Ass'n asso association formed authorized Bank board of directors Burley Tobacco Growers bylaws California capital stock Capper-Volstead Act certificates charter ciation Co-operative Association Colo Commission Commissioner of Internal common law common stock Company cooperative association Cooperative Marketing Act COOPERATIVE MARKETING ASSOCIATIONS cooperative statutes corporation Cotton Growers County Creamery creditors crop Dairy Dark Tobacco Growers deductions entitled ex rel exemption Farm Bureau Cotton Farmers Federal Federal Trade Commission Fruit Growers Grain Grain Futures Act held income taxes Internal Revenue Iowa Kansas Wheat Growers Law Review liable liquidated damages marketing agreement marketing contract meeting membership Milk Producers Minn nonmembers nonstock officers operate organization patronage dividends patrons payment preferred stock provision purchase purpose restraint of trade revolving-fund South Carolina specific Stat statutory Sun-Maid Supreme Court thereof thereto tion Union United vote Wash
Popular passages
Page 224 - Nothing contained in the antitrust laws shall be construed to forbid the existence and operation of labor, agricultural, or horticultural organizations, instituted for the purposes of mutual help, and not having capital stock or conducted for profit, 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...
Page 307 - 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...
Page 208 - 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 307 - ... 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 (b) for the purpose of purchasing supplies and equipment for the use of members or other persons, and turning over such supplies and equipment to them at actual cost, plus necessary expenses.
Page 219 - Agriculture shall be of the opinion that 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...
Page 311 - 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, or, "Second.
Page 208 - 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...
Page 310 - Congress to promote the effective merchandising of agricultural commodities in interstate and foreign commerce, so that the industry of agriculture will be placed on a basis of economic equality with other industries...
Page 219 - 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 246 - First. All the ordinary and necessary expenses paid within the year in the maintenance and operation of its business and properties, including rentals...