A cooperative shall be operated on a nonprofit basis for the mutual benefit of its members and patrons. The bylaws of a cooperative or its contracts with members and patrons must contain such provisions relating to the disposition of revenues and receipts as may be necessary and appropriate to establish and maintain its nonprofit and cooperative character.
Section: Previous 10.25.370 10.25.375 10.25.380 10.25.390 10.25.400 10.25.410 10.25.420 10.25.430 10.25.440 10.25.450 10.25.460 10.25.470 10.25.480 10.25.490 10.25.500 NextLast modified: November 15, 2016