Delaware Code Title 3 Sec. 8542 – Permissive provisions of marketing contracts
Contracts with stockholders or other patrons may provide that the association may:
(1) Blend proceeds of sales in one or more or all markets, and equalize returns among all stockholders and other patrons in such markets;
(2) Establish pools and, in the case of milk, a base rating plan or any plan for production control;
(3) Collect the proceeds of the sales of such products or commodities direct from the buyer thereof, and this authority shall be coupled with an interest in favor of the association and the other patrons which is irrevocable by the stockholder or patron as long as the contract is in effect;
(4) Make, or permit the buyer to make, such deductions from the proceeds of the sales or products or commodities and the payment therefor to the association as are provided in the contract, and such authority shall be coupled with an interest in favor of the association and the other patrons which is irrevocable by the stockholder or patron as long as the contract is in effect.
41 Del. Laws, c. 132, § ?10; 3 Del. C. 1953, § ?8542;
Terms Used In Delaware Code Title 3 Sec. 8542
- Association: means a corporation formed under this chapter. See Delaware Code Title 3 Sec. 8501
- Contract: A legal written agreement that becomes binding when signed.
- Patron: means a person engaged in agriculture whose products are sold by or supplies purchased through the association, or who has executed a contract with the association to sell all or a part of the patron's agricultural products to or through the association. See Delaware Code Title 3 Sec. 8501