Louisiana Revised Statutes 3:71 – Purpose
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Terms Used In Louisiana Revised Statutes 3:71
- Agricultural products: include horticultural, viticultural, forestry, dairying, livestock, poultry, bee and farm and range products, and furbearing animals raised or produced on a defined acreage. See Louisiana Revised Statutes 3:72
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
The purpose of this Part is to provide for the formation and operation of agricultural co-operative associations and to provide for the rights, powers, liabilities and duties of co-operative associations.
Associations organized hereunder are non-business associations inasmuch as membership therein is limited to producers of agricultural products.
This Part is designed to encourage the intelligent development of agricultural products through co-operation and to rehabilitate farm families of low income on a scientific and co-operative plan.