17-1606.   Members or stockholders.(a) Under the terms and conditions in the association's bylaws, an associationmay admit as members, or issue voting common stock only to persons engaged inthe production of agricultural products including the lessees and tenants oflands used for the production of such products and any lessors and landlordswho receive as rent part of the crop raised on the leased premises, and mayadmit as a participating nonmember, participant or associate member, withoutpower to vote, any person regardless of occupation.

      (b)   If a stockholder or member of a nonstock association be other than anatural person, such stockholder or member may be represented by an individual,associate, officer, trustee or member thereof, duly authorized in writing.

      (c)   Any agricultural cooperative association or farm organization, whetherorganized under the laws of this state or any other state, may become a memberor stockholder of any association or associations organized under this act.

      History:   L. 1921, ch. 148, § 6; R.S. 1923, 17-1606; L. 1953, ch. 129,§ 4; L. 1992, ch. 227, § 6; July 1.