 | United States - Law - 1953 - 1744 pages
...producers who market their products or purchase their supplies and equipment through the association; nor shall exemption be denied any such association because...accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. Such an association may market the products... | |
 | United States - Law - 1965 - 1110 pages
...supplies and equipment through the association. (3) Organizations maintaining reserve. Exemption shall not be denied any such association because there is accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. (4) Transactions with nonmembers. Exemption... | |
 | Lyman Spaulding Hulbert - Agriculture, Cooperative - 1942 - 472 pages
...producers who market their products or purchase their supplies and equipment through the association; nor shall exemption be denied any such association because...accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. Such an association may market the products... | |
 | Lyman Spaulding Hulbert - Agriculture, Cooperative - 1942 - 490 pages
...M 53 Stat. 4, 53 ; 20 USCA 101. * The statement last made was added in 1934. See 48 Stat. 680, 701. there is accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose ; It is clear that Congress has the right to... | |
 | United States, Walter Elbert Barton - Gifts - 1944 - 1286 pages
...producers who market their products or purchase their supplies and equipment through the association ; nor shall exemption be denied any such association because...accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. Such an association may market the products... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 350 pages
...producers who market their products or purchase their supplies and equipment through the association; nor shall exemption be denied any such association because...accumulated and maintained by it a reserve required by State law, or a reasonable reserve for any necessary purpose. Such an association may market the products... | |
 | United States. Congress. House. Committee on Ways and Means - 1948 - 1352 pages
...from some peculiar language in the basic revenue act of 1926, which reads in part as follows: "Nor shall exemption be denied any such association because...accumulated and maintained by it a reserve required by State law, or a reasonable reserve for any necessary purpose." This language is pretty broad to start with... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1949 - 594 pages
...producers who market their products or purchase their supplies and equipment through the association; nor shall exemption be denied any such association because...accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. Such an association may market the products... | |
 | United States - Internal revenue law - 1949 - 592 pages
...producers who market their products or purchase their supplies and equipment through the association; nor shall exemption be denied any such association because...accumulated and maintained by it a reserve required by Stp.te law or a reasonable reserve for any necessary purpose. Such an association may market the products... | |
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... because there is accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. 
