Effective: August 5, 1998
Latest Legislation: House Bill 600 - 122nd General Assembly
(A) An agricultural cooperative is not a conspiracy, a combination in restraint of trade, an illegal monopoly, or an attempt to lessen competition or to fix prices arbitrarily; and the marketing agreements between such an agricultural cooperative and its members, or any other marketing agreements or sales contracts authorized or described in sections 1729.67 to 1729.70 of the Revised Code, are not illegal as such, in unlawful restraint of trade, or part of a conspiracy or combination to accomplish an improper or illegal purpose.
(B) An agricultural cooperative, upon resolution of its board, may enter into marketing agreements and other arrangements with any other agricultural cooperative. Any two or more agricultural cooperatives may, by agreement between them, unite in employing or separately employ the same personnel, methods, means, and agencies for carrying on their respective businesses. Agricultural cooperatives, acting singly or collectively, may meet in conference with two or more purchasers of their products who are acting collectively, and may at the conference fix by agreement the prices to be paid by the purchasers to the agricultural cooperative for the products. Such concerted action by the purchasers is not a contract in restraint of trade.
Structure Ohio Revised Code
Title 17 | Corporations-Partnerships
Chapter 1729 | Ohio Cooperative Law
Section 1729.01 | Ohio Cooperative Law Definitions.
Section 1729.02 | Purposes - Associations Deemed Nonprofit - Chapter Title.
Section 1729.03 | Powers of Association.
Section 1729.031 | Indemnification.
Section 1729.04 | Use of Words in Name - Prohibition.
Section 1729.06 | Number of Incorporators - Statutory Agent.
Section 1729.07 | Articles of Incorporation.
Section 1729.08 | Amendment or Restatement of Articles.
Section 1729.09 | Voting on Amendment.
Section 1729.10 | Evidence of Incorporation.
Section 1729.11 | Reinstatement of Association.
Section 1729.12 | Filing Articles and Certificates of Amendment.
Section 1729.13 | Dividends - Stock - Security Interest.
Section 1729.16 | Adoption, Amendment, or Repeal of Bylaws.
Section 1729.17 | Members or Delegates Entitled to Vote.
Section 1729.18 | Association Members - Meetings.
Section 1729.19 | Action Authorized or Taken Without Meeting.
Section 1729.20 | Methods of Giving Notice - Signed Waiver.
Section 1729.22 | Board of Directors.
Section 1729.23 | Standard of Care for Directors.
Section 1729.24 | Effect of Self-Dealing.
Section 1729.25 | Liability of Members, Directors, Officers.
Section 1729.27 | Surety Bonds.
Section 1729.28 | Removal of Officers or Directors - Procedure.
Section 1729.29 | Books and Records - Examination by Member or Stockholder.
Section 1729.35 | Association May Merge or Consolidate With One or More Associations.
Section 1729.36 | Association May Merge or Consolidate With One or More Entities.
Section 1729.37 | Effective Date of Merger or Consolidation.
Section 1729.38 | Certificate of Merger or Consolidation Filing and Recording.
Section 1729.40 | Plan of Division.
Section 1729.42 | Conversions.
Section 1729.44 | Setting Aside Reorganizations.
Section 1729.46 | Written Demand for Payment of Fair Cash Value of Stock.
Section 1729.47 | Complaint for Fair Cash Value of Stock.
Section 1729.49 | Disposing of Assets of Association.
Section 1729.55 | Voluntary Dissolution.
Section 1729.56 | Public Notice of Voluntary Dissolution.
Section 1729.58 | Association May Act to Wind Up Affairs or Obtain Reinstatement of Articles.
Section 1729.59 | Judicial Liquidations.
Section 1729.60 | Receiver Appointed to Wind Up Affairs of Association.
Section 1729.61 | Complaint for Judicial Dissolution.
Section 1729.67 | Marketing Agreements.
Section 1729.68 | Prohibited Acts - Injunctive Relief.
Section 1729.69 | Unfair Marketing Practices.
Section 1729.70 | Agricultural Cooperative Not Illegal.
Section 1729.76 | Foreign Association.
Section 1729.80 | Membership in Other Organizations.
Section 1729.84 | Exemptions for Agricultural Products.
Section 1729.85 | Stock Not Considered Securities.