17-1604.Purposes of association.
An association may be organized to engage in any activity in connection
with the marketing or selling of the agricultural products of the association's
members; harvesting, threshing, milling, preserving, drying, processing,
canning, packing, storing, handling, shipping, or utilization of the
agricultural products; manufacturing or marketing of the agricultural
by-products; manufacturing, selling, or supplying to the association's members
and other patrons of services, products, machinery, equipment or supplies;
agricultural education, research, legislation and economic and social
conditions; improvement of livestock breeds by means of artificial breeding or
otherwise; financing of the above-enumerated activities; or in any one or more
of the activities specified above.
Nothing in this act shall authorize such association to engage in the
banking business. Corporations organized under this act primarily for the
purposes stated above, unless prohibited from so doing by their articles of
incorporation, also may deal in the products of nonmembers; manufacture, sell
or supply to nonmembers services, products, machinery, equipment or supplies,
whether or not supplied to members; and otherwise engage in business with
nonmembers. Such associations shall not market, handle, process, store, or deal
in the products of nonmembers; manufacture, sell or supply to nonmembers
services, products, machinery, equipment or supplies, whether or not supplied
to members; and otherwise engage in business with nonmembers; or handle
supplies for nonmembers, to an amount greater in value than such as are handled
by the association for members.
History: L. 1921, ch. 148, § 4; R.S. 1923, 17-1604; L. 1931, ch. 150,
§ 2; L. 1953, ch. 129, § 2; L. 1992, ch. 227, § 4; July 1.
17-1604.Purposes of association.
An association may be organized to engage in any activity in connection
with the marketing or selling of the agricultural products of the association's
members; harvesting, threshing, milling, preserving, drying, processing,
canning, packing, storing, handling, shipping, or utilization of the
agricultural products; manufacturing or marketing of the agricultural
by-products; manufacturing, selling, or supplying to the association's members
and other patrons of services, products, machinery, equipment or supplies;
agricultural education, research, legislation and economic and social
conditions; improvement of livestock breeds by means of artificial breeding or
otherwise; financing of the above-enumerated activities; or in any one or more
of the activities specified above.
Nothing in this act shall authorize such association to engage in the
banking business. Corporations organized under this act primarily for the
purposes stated above, unless prohibited from so doing by their articles of
incorporation, also may deal in the products of nonmembers; manufacture, sell
or supply to nonmembers services, products, machinery, equipment or supplies,
whether or not supplied to members; and otherwise engage in business with
nonmembers. Such associations shall not market, handle, process, store, or deal
in the products of nonmembers; manufacture, sell or supply to nonmembers
services, products, machinery, equipment or supplies, whether or not supplied
to members; and otherwise engage in business with nonmembers; or handle
supplies for nonmembers, to an amount greater in value than such as are handled
by the association for members.
History: L. 1921, ch. 148, § 4; R.S. 1923, 17-1604; L. 1931, ch. 150,
§ 2; L. 1953, ch. 129, § 2; L. 1992, ch. 227, § 4; July 1.
17-1604.Purposes of association.
An association may be organized to engage in any activity in connection
with the marketing or selling of the agricultural products of the association's
members; harvesting, threshing, milling, preserving, drying, processing,
canning, packing, storing, handling, shipping, or utilization of the
agricultural products; manufacturing or marketing of the agricultural
by-products; manufacturing, selling, or supplying to the association's members
and other patrons of services, products, machinery, equipment or supplies;
agricultural education, research, legislation and economic and social
conditions; improvement of livestock breeds by means of artificial breeding or
otherwise; financing of the above-enumerated activities; or in any one or more
of the activities specified above.
Nothing in this act shall authorize such association to engage in the
banking business. Corporations organized under this act primarily for the
purposes stated above, unless prohibited from so doing by their articles of
incorporation, also may deal in the products of nonmembers; manufacture, sell
or supply to nonmembers services, products, machinery, equipment or supplies,
whether or not supplied to members; and otherwise engage in business with
nonmembers. Such associations shall not market, handle, process, store, or deal
in the products of nonmembers; manufacture, sell or supply to nonmembers
services, products, machinery, equipment or supplies, whether or not supplied
to members; and otherwise engage in business with nonmembers; or handle
supplies for nonmembers, to an amount greater in value than such as are handled
by the association for members.
History: L. 1921, ch. 148, § 4; R.S. 1923, 17-1604; L. 1931, ch. 150,
§ 2; L. 1953, ch. 129, § 2; L. 1992, ch. 227, § 4; July 1.