Effective - 28 Aug 1996
274.220. Membership in other corporations — functions. — 1. An association may organize, form, operate, control, have an interest in, or be a member of a corporation or other entity and engage 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.
2. If such corporations are warehousing corporations, they may issue legal warehouse receipts to the association against the commodities delivered by it, or to any other person and such legal warehouse receipts shall be considered as adequate collateral to the extent of the usual and current value of the commodity represented thereby.
3. In case such warehouse is licensed or licensed and bonded under the laws of this or any other state or the United States, its warehouse receipt delivered to the association on commodities of the association or its members, or delivered by the association or its members, shall not be challenged or discriminated against because of ownership or control, wholly or in part, by the association.
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(RSMo 1939 § 14353, A.L. 1996 H.B. 1237 merged with S.B. 521)
Prior revision: 1929 § 12695
Structure Missouri Revised Statutes
Title XVII - Agriculture and Animals
Chapter 274 - Cooperative Marketing Associations
Section 274.010 - Title of law.
Section 274.020 - Definitions.
Section 274.040 - Members — qualifications — proxies — joint associations.
Section 274.050 - Membership certificate — liabilities — voting rights.
Section 274.060 - Powers of associations.
Section 274.070 - Articles of incorporation.
Section 274.080 - Articles of incorporation may be amended.
Section 274.090 - Bylaws of association.
Section 274.100 - Meetings of association.
Section 274.110 - Directors to manage affairs of association.
Section 274.120 - Officers elected by directors.
Section 274.130 - Officers and employees to give bonds.
Section 274.140 - Charges made in writing — removals, how made.
Section 274.150 - Decisions by directors referred to members, how.
Section 274.160 - Annual reports — contents.
Section 274.170 - Fee for filing incorporation papers — amendments.
Section 274.180 - Fees paid in lieu of other license or tax.
Section 274.190 - Previously organized associations may use provisions of this chapter — procedure.
Section 274.200 - Marketing contracts — provisions.
Section 274.210 - Marketing contracts — enforcement.
Section 274.220 - Membership in other corporations — functions.
Section 274.230 - Two or more associations may act jointly.
Section 274.240 - Association of other state may do business in state, when.
Section 274.250 - Use of words "nonprofit cooperative" prohibited.
Section 274.260 - Efforts to break contract a misdemeanor.
Section 274.270 - Soliciting breach of contract — liability.
Section 274.280 - Association not guilty of conspiracy, or illegal monopoly.
Section 274.290 - General corporation laws apply to association — exceptions.
Section 274.300 - Provisions of law in conflict not applicable — exemptions.