As used in this subchapter, “marketing contract” means a contract between a limited cooperative association and another person that need not be a patron member:
(1) Requiring the other person to sell, or deliver for sale or marketing on the person’s behalf, a specified part of the person’s products, commodities, or goods exclusively to or through the association or any facilities furnished by the association; or

Terms Used In Kentucky Statutes 272A.7-010

  • Contract: A legal written agreement that becomes binding when signed.
  • Cooperative: means a limited cooperative association or an entity organized under any cooperative law of any jurisdiction. See Kentucky Statutes 272A.1-020
  • Member: means a person that is admitted as a patron member or investor member, or both, in a limited cooperative association. See Kentucky Statutes 272A.1-020

(2) Authorizing the association to act for the person in any manner with respect to the products, commodities, or goods.
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 160, sec. 50, effective July 12, 2012.