Section 10. Agricultural and horticultural associations engaged in any branch of agriculture, horticulture, viticulture, forestry, dairying, the raising of livestock or poultry and any other farming activity or business, if instituted for the mutual benefit of their members and formed for the purpose of doing business without profit to the association itself may be incorporated without capital stock. Such corporations shall be formed in the manner provided by chapter one hundred and fifty-six B and shall be subject to the provisions of said chapter, so far as applicable. Members of corporations so organized shall have the rights and powers and be subject to the duties and liabilities of stockholders of corporations having capital stock, under the provisions of said chapters, so far as is consistent with this and the eight following sections.
Structure Massachusetts General Laws
Part I - Administration of the Government
Chapter 157 - Co-Operative Corporations
Section 1 - Co-Operative Business Corporation
Section 2 - Distribution of Earnings or Profits; Sinking Fund; Limitation Upon Shares Held
Section 3 - Co-Operative Agricultural, Dairy or Mercantile Associations; Name
Section 3b - Direct-Charge Cooperatives
Section 4 - Capital Stock; Powers; By-Laws; Meetings
Section 5 - Investment of Reserve Fund
Section 6 - Apportionment of Earnings
Section 8 - Use of Word Co-Operative in Connection With Other Businesses; Penalty
Section 9 - Fee for Filing Articles of Organization
Section 11 - Powers of Corporations Organized Under Sec. 10
Section 12 - First Meeting; Selection of Directors
Section 13 - Scope of By-Laws; Amendment or Repeal of By-Law
Section 15 - Amendment or Alteration of Articles of Organization
Section 16 - Marketing Contracts Between Corporation and Members
Section 17 - Marketing Contracts; Provisions for Liquidated Damages; Injunction for Breach