The directors shall elect from their number a chairman or board president. The directors also shall elect a chief operating officer of the association, one or more vice presidents, a secretary and treasurer, none of whom need be directors or members of the association.The board may combine the two (2) latter offices and designate the combined office as secretary-treasurer.The treasurer may be a bank or any depository, and as such shall not be considered as an officer but as a function of the board of directors.In such case the secretary shall perform the usual accounting duties of the treasurer, excepting that the funds shall be deposited only as authorized by the board of directors.
Structure Mississippi Code
Title 79 - Corporations, Associations, and Partnerships
Chapter 19 - Agricultural Cooperative Marketing Associations
§ 79-19-1. Declaration of policy
§ 79-19-3. Definitions; nature of associations; short title
§ 79-19-13. Articles of association
§ 79-19-19. General and special meetings, how called
§ 79-19-21. Directors; election
§ 79-19-23. Election of officers
§ 79-19-27. Removal of officer or director
§ 79-19-29. Referendum may be had in certain cases
§ 79-19-31. Marketing contract
§ 79-19-37. Conflicting laws not to apply
§ 79-19-39. Limitation of the use of term "cooperative."
§ 79-19-41. Interest in other corporations or associations
§ 79-19-43. Contracts and agreements with other associations
§ 79-19-45. Association heretofore organized may adopt the provisions of this chapter
§ 79-19-47. How associations organized in another state may carry on business in this state
§ 79-19-51. Associations not in restraint of trade
§ 79-19-57. Cooperative marketing associations may maintain replevin
§ 79-19-59. Liquidated damages may be recovered
§ 79-19-61. Loan limited to 50 percent of capital and surplus