Legal Phases of Cooperative Associations |
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Page 21
... thereof are regarded as members . On the other hand , in some States , because of either con- stitutional or statutory provision , the holders of preferred stock are entitled to vote . In such States it may be found preferable to form a ...
... thereof are regarded as members . On the other hand , in some States , because of either con- stitutional or statutory provision , the holders of preferred stock are entitled to vote . In such States it may be found preferable to form a ...
Page 40
... thereof , " At least in cases tried in Federal courts , the fact that an association is acting ultra vires may adversely affect its rights . A cooperative livestock association transacted business with nonmembers in violation of its ...
... thereof , " At least in cases tried in Federal courts , the fact that an association is acting ultra vires may adversely affect its rights . A cooperative livestock association transacted business with nonmembers in violation of its ...
Page 44
... thereof , the number of members constituting a quorum , the qualifications , terms of office , and duties of directors and officers and their compensation , if any , and suitable penalties for vio- lation of the bylaws . A bylaw must be ...
... thereof , the number of members constituting a quorum , the qualifications , terms of office , and duties of directors and officers and their compensation , if any , and suitable penalties for vio- lation of the bylaws . A bylaw must be ...
Page 49
... thereof.1 Where the statute is silent as to the manner of adopting bylaws , it has been held that they may be adopted or modified either orally or in writing or by uniform usage and acquiescence.2 An invalid bylaw , as such , creates no ...
... thereof.1 Where the statute is silent as to the manner of adopting bylaws , it has been held that they may be adopted or modified either orally or in writing or by uniform usage and acquiescence.2 An invalid bylaw , as such , creates no ...
Page 52
... thereof at a time when the amount of its indebtedness exceeded that allowed by a Federal statute . In a suit brought on the notes it was held that the notes were enforceable against the bank . In this case , it was said , " We hold ...
... thereof at a time when the amount of its indebtedness exceeded that allowed by a Federal statute . In a suit brought on the notes it was held that the notes were enforceable against the bank . In this case , it was said , " We hold ...
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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...