Under the terms and conditions prescribed in its bylaws, an association may admit as members (or issue common stock to) only persons or associations or corporations composed solely of persons engaged in the production of the agricultural products to be handled by or through the association, including the lessees and tenants of land used for the production of such products and any lessors and landlords who receive as rent all or part of the crop raised on the leased premises. Any such persons or associations of persons or corporations may be citizens of or organized under the laws of this state or any other state of the United States and shall handle such agricultural products for members only.
Structure Code of Alabama
Chapter 10 - Cooperatives and Associations.
Article 3 - Incorporated Marketing Associations.
Section 2-10-50 - Definitions.
Section 2-10-51 - Nonprofit Associations.
Section 2-10-52 - Who May Form Association.
Section 2-10-53 - Objects of Association.
Section 2-10-54 - Powers of Association.
Section 2-10-55 - Who May Become Members or Stockholders.
Section 2-10-56 - Contents of Articles of Incorporation; Signing, Acknowledgment and Filing.
Section 2-10-57 - Amendments to Articles of Incorporation.
Section 2-10-58 - Provisions of Bylaws.
Section 2-10-59 - Regular and Special Meetings of Members.
Section 2-10-60 - Selection of Directors; Contracts With Association; Vacancies.
Section 2-10-63 - Removal of Officer or Director.
Section 2-10-64 - Referring Questions to Entire Membership.
Section 2-10-65 - Marketing Contracts.
Section 2-10-66 - Exchange of Stock.
Section 2-10-67 - Annual Report of Association.
Section 2-10-68 - Conflicting Laws Not Applicable.
Section 2-10-69 - Association May Form, Own or Control Another Corporation.
Section 2-10-70 - Agreements Between Associations.
Section 2-10-71 - Association Not a Monopoly.
Section 2-10-72 - Applicability of General Corporation Laws.
Section 2-10-73 - Fees to Probate Judges and Secretary of State.
Section 2-10-74 - Fees for Filing Articles of Incorporation.