As used in this chapter, unless the context otherwise requires, the "cooperative plan" shall be construed to mean a business concern that distributes the net profits of its business by:
(1) The payment of a fixed dividend upon its stock;
(2) The remainder prorated to its several stockholders upon their purchases from or sales to the concern or both such purchases and sales.
Section: 4-30-102 4-30-103 4-30-104 4-30-105 4-30-106 4-30-107 4-30-108 4-30-109 4-30-110 4-30-111 4-30-112 4-30-113 4-30-114 4-30-115 NextLast modified: November 15, 2016