ยง421-2 - Purposes.
ยง421-2ย Purposes.ย An association may be
organized for the purpose of engaging in any cooperative activity for producers
of agricultural products in connection with:
(1)ย 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 the products, or manufacturing or
marketing the byproducts, thereof; provided seventy-five per cent of such
agricultural products shall be of Hawaiian origin;
(2)ย Manufacturing, buying for or supplying to its
members machinery, equipment, feed, fertilizer, fuel, seeds, and other
agricultural supplies;
(3)ย Performing or furnishing business or educational
services, on a cooperative basis, or to its members;
(4)ย Financing any of the above enumerated activities
for its members. [L 1949, c 234, pt of ยง1; am L 1953, c 137, ยง1(a); RL 1955,
ยง176-4; HRS ยง421-2; am L 1972, c 103, ยง1]