An association may organize, form, operate, own, control, have an interest in, own stock of, or be a member of any other corporation or corporations, with or without capital stock, which are engaged in preserving, drying, processing, canning, packing, storing, handling, shipping, ginning, utilizing, manufacturing, marketing, or selling the agricultural products or by-products handled by the association. If such corporations are warehousing corporations, they may issue legal warehouse receipts to the association or to any other person. Such legal warehouse receipts shall be considered to be adequate collateral to the extent of the current value of the commodity represented thereby. If such warehouse is licensed or licensed and bonded under the laws of this state or the United States, its warehouse receipts shall not be challenged or discriminated against because of ownership or control, whether complete or partial, by the association.
History. Ga. L. 1921, p. 139, § 20; Code 1933, § 65-217.
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