Georgia Code
Article 3 - Cooperative Marketing Associations
§ 2-10-99. Ownership In, Control Of, or Membership in Other Corporations; Warehouse Receipts

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

Georgia Code

Title 2 - Agriculture

Chapter 10 - Marketing Facilities, Organizations, and Programs

Article 3 - Cooperative Marketing Associations

§ 2-10-80. Short Title

§ 2-10-81. Definitions

§ 2-10-82. When Associations Deemed Nonprofit

§ 2-10-83. Persons Who May Form Cooperative Association

§ 2-10-84. Filing of Articles of Incorporation; Contents; Subscription; Verification; Further Proceedings

§ 2-10-85. Amendment of Charter

§ 2-10-86. Adoption of Bylaws; Authorized Provisions

§ 2-10-87. Directors to Manage Association; Number; Election or Appointment; Compensation; Marketing or Purchasing Contracts With Association; Vacancies

§ 2-10-88. Election of Officers

§ 2-10-89. Removal of Officers or Directors

§ 2-10-90. Eligibility as Members or Stockholders

§ 2-10-91. Issuance of Stock or Certificate; Liability of Member; Maximum Amount of Stock Member May Own; Voting; Preferred Stock; Transfer of Stock; Purchase of Own Stock by Association

§ 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

§ 2-10-101. Marketing Contracts Authorized; Provisions; Liquidated Damages; Injunctions and Restraining Orders; Specific Performance

§ 2-10-102. Activities in Connection With Agricultural Products and Furnishing Farm Business Services Generally

§ 2-10-103. Engaging in Business for Nonmembers

§ 2-10-103.1. Power to Acquire Debt or Equity Of, Create or Own, and Control and Manage Business Entities

§ 2-10-104. Annual Reports

§ 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

§ 2-10-111. Use of Word “Cooperative” in Business Name