Maine Revised Statutes Title 13 Sec. 1822 – Purposes
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Such association may be organized for the purpose of engaging in any cooperative activity for producers of agricultural products in connection with:
1. Producing, selling, etc. Producing, assembling, marketing, buying or selling agricultural products, or harvesting, preserving, drying, processing, manufacturing, blending, canning, packing, ginning, grading, storing, warehousing, handling, shipping or utilizing such products, or manufacturing or marketing the by-products thereof;
Terms Used In Maine Revised Statutes Title 13 Sec. 1822
- Agricultural products: include floricultural, horticultural, viticultural, forestry, nut, dairy, livestock, poultry, bee and any farm products. See Maine Revised Statutes Title 13 Sec. 1774
- Association: means a corporation organized under this subchapter, or a similar domestic corporation, or a foreign association or corporation if authorized to do business in this State, organized under any general or special Act as a cooperative association for the mutual benefit of its members, as agricultural producers, and which confines its operations to purposes authorized by this subchapter and restricts the return on the stock or membership capital and the amount of its business with nonmembers to the limits placed thereon by this subchapter for associations organized hereunder. See Maine Revised Statutes Title 13 Sec. 1774
- Producers: includes independent agricultural contractors. See Maine Revised Statutes Title 13 Sec. 1774
2. Equipment, feed, fertilizer, etc. Manufacturing, buying for or supplying to its members and other patrons, machinery, equipment, feed, fertilizer, fuel, seeds and other agricultural and household supplies;
3. Business or educational services. Performing or furnishing business or educational services, on a cooperative basis, for or to its members and other patrons; or
4. Financing. Financing any of the above enumerated activities for its members, subject to the limitations of Title 9-B, section 466.
[PL 1977, c. 564, §66 (AMD).]
SECTION HISTORY
PL 1977, c. 564, §66 (AMD).