Authorizing the Formation of Non-Profit, Co-operative Associations, With or Without Capital Stock, for the Purpose of Encouraging the Orderly Marketing of Agricultural Products Through Co-operation; Defining the Various Terms Used Therein; Enumerating the Activities and Powers of Such an Association; Prescribing the Rights and Privileges of Membership; Providing for Articles of Incorporation, Declaring What They Shall Contain, Manner of Executing and Filing, Method of Amending Same; Providing for By-laws and What They May Contain; Providing for Method of Election of Directors, Filling of Vacancies; Powers and Duties of Directors; Division Into Election Districts; Appointment of Executive Committees and Allotment of Functions and Powers; Providing for Officers, Qualifications, Election and Functions; Regulating Issuance of Membership Certificates or Stock and Payment Therefor; Limiting Personal Liability of Members for Debts of Association; Regulating Voting Power of Members and Stockholders; Authorizing Issuance of Preferred Stock, With or Without Right to Vote; and the Retirement Thereof; Providing for Removal of Officers and Directors; Providing for Referendum to Members; Providing for a Marketing Contract; And Prescribing Remedies for Breach of Contract, Including Liquidated Damages, Fees and All Costs; Authorizing Injunction and General Equitable Remedies in the Event of Breach of Agreement; Stating Presumption of Control of Products by Landlords Who Have Signed Marketing Agreements; Providing for Annual Reports; Providing That No Provision of Law in Conflict With This Act Shall be Construed as Applying to Such Associations; Providing That Legal Exemption of Agricultural Products in the Possession of Producers Shall Apply to Such Products in Possession Of, Or Under the Control Of, Such Associations; Limiting the Use of the Word "Co-operative" in Names for Producers' Co-operative Marketing Activities; And Prescribing a Penalty for Violating Such Inhibition; Permitting Associations to Organize Other Corporations or to own Stock in other Corporations; Providing for Agreements with Other Co-operative associations in this or other States and Stating the Purposes or Reasons Therefore; Providing That Associations Heretofore Organized May Reorganize Hereunder; Providing for Similar Rights and Remedies for Co-operative Associations Organized Under Generally Similar Laws in Other States; Making it a Misdemeanor to Induce a Member to Breach his Marketing Contract with the Association, or spread false reports about it and prescribing a fine for each offense; Making such Offender liable to the Association for a prescribed penalty therefor in a civil suit; Providing liability to the Association in a penal sum in certain cases for any person who knowingly solicits, persuades or permits any member of the Association to breach his Marketing Contract; Authorizing an Injunction Against Such Warehouseman; and Providing for Payment of All Fees and Costs; And Setting Out the Reasons for Such Provisions; Providing that no Such Association Shall Be Deemed a Conspiracy or an Illegal Combination or Monopoly; And Providing that Marketing Contracts Shall Not Be Considered Illegal; Providing that if Any Section of this Act Shall be Declared Unconstitutional, The Remainder of the Act Shall not be Thereby Affected; Providing that the General Corporation Laws of this State Shall Apply to Such Associations, Except Where Inconsistent With Express Provisions Hereof; Providing for Annual License Fees; Providing Fees for Filing Articles of Incorporation and Amendments Thereto--Providing that this Act May be Hereafter Indexed, and Cited as "The Co-operative Marketing Act"; and Declaring an Emergency to Exist.

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Publication Date

1923

Chapter

142

Session Type

Regular

Session Number

1

Document Type

Act

Start Page

420

Topics

Marketing - Co-operative Marketing Associations

Keywords

Marketing - Co-operative Marketing Associations

Authorizing the Formation of Non-Profit, Co-operative Associations, With or Without Capital Stock, for the Purpose of Encouraging the Orderly Marketing of Agricultural Products Through Co-operation; Defining the Various Terms Used Therein; Enumerating the Activities and Powers of Such an Association; Prescribing the Rights and Privileges of Membership; Providing for Articles of Incorporation, Declaring What They Shall Contain, Manner of Executing and Filing, Method of Amending Same; Providing for By-laws and What They May Contain; Providing for Method of Election of Directors, Filling of Vacancies; Powers and Duties of Directors; Division Into Election Districts; Appointment of Executive Committees and Allotment of Functions and Powers; Providing for Officers, Qualifications, Election and Functions; Regulating Issuance of Membership Certificates or Stock and Payment Therefor; Limiting Personal Liability of Members for Debts of Association; Regulating Voting Power of Members and Stockholders; Authorizing Issuance of Preferred Stock, With or Without Right to Vote; and the Retirement Thereof; Providing for Removal of Officers and Directors; Providing for Referendum to Members; Providing for a Marketing Contract; And Prescribing Remedies for Breach of Contract, Including Liquidated Damages, Fees and All Costs; Authorizing Injunction and General Equitable Remedies in the Event of Breach of Agreement; Stating Presumption of Control of Products by Landlords Who Have Signed Marketing Agreements; Providing for Annual Reports; Providing That No Provision of Law in Conflict With This Act Shall be Construed as Applying to Such Associations; Providing That Legal Exemption of Agricultural Products in the Possession of Producers Shall Apply to Such Products in Possession Of, Or Under the Control Of, Such Associations; Limiting the Use of the Word

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