Alaska Statutes 10.15.215 – Permitted purposes of cooperative contracts

Contracts for any of the following purposes, whether contained in the bylaws or separately written, are valid when made between a cooperative and a member in which the member agrees to

(1) sell, market or deliver to or through the cooperative or facilities furnished by it all or a specified part of products produced by the member or under the control of the member;

Terms Used In Alaska Statutes 10.15.215

cooperative: means a cooperative corporation subject to the provisions of this chapter. See Alaska Statutes 10.15.595
member: means a person who has been qualified and accepted for membership in a cooperative. See Alaska Statutes 10.15.595

(2) authorize the cooperative or facilities furnished by it to act for the member in any manner with respect to all or a specified part of products produced by the member or under the control of the member;

(3) buy or procure from or through the cooperative or facilities furnished by it all or a specified part of goods or services to be bought or produced by the member;

(4) authorize the cooperative or facilities furnished by it to act for the member in any manner in the procurement of goods or the procurement of performance of services.

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