22-2621. INTEREST IN OTHER CORPORATIONS OR ASSOCIATIONS. 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, and engaged in preserving, drying, processing, canning, packing, storing, handling, shipping, utilizing, manufacturing, marketing, or selling of the agricultural products handled by the association, or the by-products thereof. If such corporations are warehousing corporations, they may issue legal warehouse receipts to the association or to any other person and such legal warehouse receipts shall be considered as adequate collateral to the extent of the current value of the commodity represented thereby. In case such warehouse is licensed and bonded under the laws of this state or the United States, its warehouse receipt shall not be challenged or discriminated against because of ownership or control, wholly or in part, by the association.
History:
[(22-2621) 1921, ch. 124, sec. 21, p. 298; I.C.A., sec. 22-2021.]
Structure Idaho Code
Title 22 - AGRICULTURE AND HORTICULTURE
Chapter 26 - COOPERATIVE MARKETING ASSOCIATIONS
Section 22-2601 - DECLARATION OF POLICY.
Section 22-2602 - DEFINITIONS — SHORT TITLE.
Section 22-2603 - ASSOCIATIONS — WHO MAY ORGANIZE.
Section 22-2605 - PRELIMINARY INVESTIGATION.
Section 22-2608 - ARTICLES OF INCORPORATION — CONTENTS — SUBSCRIBING AND FILING.
Section 22-2609 - ARTICLES OF INCORPORATION — AMENDMENT.
Section 22-2610 - BYLAWS — ADOPTION — CONTENTS — AMENDMENT.
Section 22-2611 - GENERAL AND SPECIAL MEETINGS — HOW CALLED.
Section 22-2613 - ELECTION OF OFFICERS.
Section 22-2615 - REMOVAL OF OFFICER OR DIRECTOR.
Section 22-2617 - MARKETING CONTRACT.
Section 22-2620 - CONFLICTING LAWS NOT TO APPLY.
Section 22-2621 - INTEREST IN OTHER CORPORATIONS OR ASSOCIATIONS.
Section 22-2622 - CONTRACTS AND AGREEMENTS WITH OTHER ASSOCIATIONS.
Section 22-2622A - CONSOLIDATION AND MERGER AGREEMENTS — VOTING REQUIREMENTS.
Section 22-2623 - ASSOCIATION HERETOFORE ORGANIZED MAY ADOPT PROVISIONS OF CHAPTER.
Section 22-2625 - SEPARABILITY.