2-1604. Membership.
2-1604
2-1604. Membership.
No board of trade shall exclude from, or refuse membership therein, nor
deny any of the privileges thereof to any duly authorized representative of
any lawfully formed and conducted co-operative association of producers,
having adequate financial responsibility, which is engaged in cash grain
business if such co-operative association has complied with such terms and
conditions as are, or may be, imposed lawfully on other members of such
board: Provided, That no rule of a board of trade or contract market
shall forbid or be construed to forbid the return on any patronage basis by
such co-operative association to bona fide members, of moneys collected or
made in excess of the expense of conducting the business of such
association.
History: L. 1925, ch. 6, § 4; Feb. 23.