§ 7-7-2. Power to form associations.
Five (5) or more persons of lawful age engaged in the production of agricultural products, or two (2) or more nonprofit cooperative associations of producers, organized under the provisions of this chapter, may form a nonprofit cooperative association with or without capital stock for the purpose of producing, handling, processing, preparing for market, warehousing, financing, preserving, drying, canning, packing, manufacturing, utilizing, and marketing the agricultural products of its members or for engaging in any activity pertaining to any of the things enumerated, including the financing, purchasing, or otherwise securing for its members supplies, equipment, machinery, or commodities of any character.
History of Section.P.L. 1928, ch. 1202, § 2; G.L. 1938, ch. 117, § 2; G.L. 1956, § 7-7-2.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-7 - Producers’ Cooperatives
Section 7-7-2. - Power to form associations.
Section 7-7-3. - Contents and filing of articles of association.
Section 7-7-4. - Incorporation fee — Certificate — Articles as evidence.
Section 7-7-5. - Associations deemed nonprofit.
Section 7-7-6. - General powers of associations.
Section 7-7-8. - Qualifications of members.
Section 7-7-9. - Membership certificates — Settlement on termination of membership.
Section 7-7-10. - Voting rights.
Section 7-7-11. - Limited liability of members and stockholders.
Section 7-7-12. - Transfer of stock.
Section 7-7-13. - Restriction on dividends.
Section 7-7-14. - Directors — Meetings of association.
Section 7-7-15. - Amendment of articles.
Section 7-7-16. - Marketing contract — Enforcement.
Section 7-7-17. - Annual report — Examination of books.
Section 7-7-18. - Federation and cooperation between associations.
Section 7-7-19. - Use of name restricted to associations under chapter.