An association may be organized under this act [76-12-1 through 76-12-23 NMSA 1978] to engage in any activity in connection with the marketing or selling of agricultural products, or with the harvesting, preserving, drying, processing, blending, canning, packing, grading, storing, warehousing, handling, shipping or utilizing such products; or in connection with the manufacturing, marketing, selling or supplying of the byproducts thereof or the manufacturing, selling or supplying of machinery, equipment, feed, fertilizer, seeds, oil, gasoline or other supplies; or in the financing of any of the above-enumerated activities or in performing or furnishing business or educational services on a cooperative basis for those engaged in agriculture as bona fide producers of agricultural products or in any one or more of the activities specified herein.
History: Laws 1937, ch. 152, § 5; 1941 Comp., § 48-1305; 1953 Comp., § 45-14-5.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 18 Am. Jur. 2d Cooperative Associations § 4.
3 C.J.S. Agriculture § 138.
Structure New Mexico Statutes
Article 12 - Cooperative Marketing Associations
Section 76-12-1 - Short title.
Section 76-12-2 - Declaration of policy.
Section 76-12-3 - Definitions.
Section 76-12-4 - Who may organize.
Section 76-12-7 - Articles of incorporation.
Section 76-12-8 - Filing and recording articles of incorporation.
Section 76-12-9 - Amendments to articles of incorporation.
Section 76-12-12 - Issuance of membership certificates and stock.
Section 76-12-13 - General and special meeting; how called.
Section 76-12-14 - Directors; election.
Section 76-12-16 - Contracts between associations and members.
Section 76-12-17 - Associations heretofore organized may adopt the provisions of this act.
Section 76-12-18 - Associations are not in restraint of trade.
Section 76-12-19 - Quo warranto to test validity of incorporation.
Section 76-12-21 - Application of general corporation laws.