Under the terms and conditions prescribed in its bylaws, an association may admit as members or issue common stock only to persons, 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, 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. If a member of a nonstock association is other than a natural person, such member may be represented by any individual, associate, officer, or member thereof duly authorized in writing.
History. Ga. L. 1921, p. 139, § 5; Ga. L. 1925, p. 150, § 1; Ga. L. 1929, p. 222, § 2; Code 1933, § 65-205.
Structure Georgia Code
Chapter 10 - Marketing Facilities, Organizations, and Programs
Article 3 - Cooperative Marketing Associations
§ 2-10-82. When Associations Deemed Nonprofit
§ 2-10-83. Persons Who May Form Cooperative Association
§ 2-10-85. Amendment of Charter
§ 2-10-86. Adoption of Bylaws; Authorized Provisions
§ 2-10-88. Election of Officers
§ 2-10-89. Removal of Officers or Directors
§ 2-10-90. Eligibility as Members or Stockholders
§ 2-10-92. Regular Meetings; Special Meetings Generally; Notice
§ 2-10-93. Referral of Matters to Entire Membership; Special Meetings
§ 2-10-94. Powers of Associations Generally
§ 2-10-95. Duration of Associations
§ 2-10-96. Use of Preferred Stock to Purchase Property Interest
§ 2-10-97. Transfer of Common Stock
§ 2-10-98. Joining With Other Nonprofit Cooperative Associations
§ 2-10-99. Ownership In, Control Of, or Membership in Other Corporations; Warehouse Receipts
§ 2-10-100. Contracts and Agreements Between Associations
§ 2-10-103. Engaging in Business for Nonmembers
§ 2-10-105. License Fee; Tax Exemption
§ 2-10-106. Distribution of Excess Income, Reserves, or Surpluses
§ 2-10-107. Associations Not Deemed Monopolistic or in Restraint of Trade
§ 2-10-108. Applicability of Nonprofit Corporation Laws
§ 2-10-109. Applicability of Other Laws
§ 2-10-110. Procedure by Which Other Corporations and Associations May Come Under Article