Georgia Code, Title 2, Chapter 10, Article 3 - Cooperative Marketing Associations

• § 2-10-80 - Short Title
  This article may be cited as the "Cooperative Marketing Act."
• § 2-10-81 - Definitions
  As used in this article, the term: (1) "Agricultural products" means: (A) Any horticultural, viticultural, forestry, dairy, livestock, poultry, bee, and farm products; and...
• § 2-10-82 - When Associations Deemed Nonprofit
  Associations organized under this article shall be deemed to be nonprofit since they are not organized to make profits for themselves, as such, or...
• § 2-10-83 - Persons Who May Form Cooperative Association
  Five or more persons engaged in the production of agricultural products may form a nonprofit, cooperative association, with or without capital stock, under this
• § 2-10-84 - Filing of Articles of Incorporation; Contents; Subscription; Verification; Further Proceedings
  (a) Persons desiring to be incorporated under this article must prepare and file in the office of the Secretary of State articles of incorporation...
• § 2-10-85 - Amendment of Charter
  Amendments of the charter may be authorized at any regular meeting of the stockholders or members or at any special meeting called for that...
• § 2-10-86 - Adoption of Bylaws; Authorized Provisions
  (a) Each association incorporated under this article, within 30 days after its incorporation, shall adopt for its government and management a code of bylaws...
• § 2-10-87 - Directors to Manage Association; Number; Election or Appointment; Compensation; Marketing or Purchasing Contracts With Association; Vacancies
  (a) The affairs of the association shall be managed by a board of not less than five directors elected by the members or stockholders...
• § 2-10-88 - Election of Officers
  (a) The directors shall elect from their number a president and one or more vice-presidents. They shall also elect a secretary and a treasurer,...
• § 2-10-89 - Removal of Officers or Directors
  (a) Any member may bring charges against an officer or director by filing such charges in writing with the secretary of the association together...
• § 2-10-90 - Eligibility As Members or Stockholders
  Under the terms and conditions prescribed in its bylaws, an association may admit as members or issue common stock only to persons, associations, or...
• § 2-10-91 - Issuance of Stock or Certificate; Liability of Member; Maximum Amount of Stock Member May Own; Voting; Preferred Stock; Transfer of Stock; Purchase of Own Stock by Association
  (a) When a member of an association established without capital stock has paid his membership fee in full, he shall receive a certificate of...
• § 2-10-92 - Regular Meetings; Special Meetings Generally; Notice
  (a) In its bylaws each association shall provide for one or more regular meetings annually.(b) The board of directors shall have the right to...
• § 2-10-93 - Referral of Matters to Entire Membership; Special Meetings
  Upon demand of one-third of the entire board of directors, any matter that has been approved or passed by the board shall be referred...
• § 2-10-94 - Powers of Associations Generally
  Each association incorporated under this article shall have the following powers: (1) To engage in any activity in connection with: (A) The marketing, selling,...
• § 2-10-95 - Duration of Associations
  Each association incorporated and organized after April 3, 1978, pursuant to this article shall have perpetual duration unless a limited period of duration is...
• § 2-10-96 - Use of Preferred Stock to Purchase Property Interest
  Whenever an association organized under this article with preferred capital stock desires to purchase the stock of any person, firm, corporation, or association or...
• § 2-10-97 - Transfer of Common Stock
  Common stock of cooperative associations organized under this article may only be transferred to other such associations and to individuals, firms, partnerships, and other...
• § 2-10-98 - Joining With Other Nonprofit Cooperative Associations
  A cooperative association organized under this article may join with other such associations or with individuals, firms, partnerships, or other associations or corporations engaged...
• § 2-10-99 - Ownership In, Control Of, or Membership in Other Corporations; Warehouse Receipts
  An association may organize, form, operate, own, control, have an interest in, own stock of, or be a member of any other corporation or...
• § 2-10-100 - Contracts and Agreements Between Associations
  (a) Upon resolution adopted by its board of directors, any association may enter into all necessary and proper contracts and agreements and may make...
• § 2-10-101 - Marketing Contracts Authorized; Provisions; Liquidated Damages; Injunctions and Restraining Orders; Specific Performance
  (a) The association and its members may make and execute marketing contracts requiring the members to sell, for any period of time not over...
• § 2-10-102 - Activities in Connection With Agricultural Products and Furnishing Farm Business Services Generally
  A cooperative association organized under this article may engage in activities in connection with the production of agricultural products and in furnishing farm business...
• § 2-10-103 - Engaging in Business for Nonmembers
  During any fiscal year, a cooperative association organized under this article may handle agricultural products of and engage in other business for nonmembers in...
• § 2-10-103.1 - Power to Acquire Debt or Equity Of, Create or Own, and Control and Manage Business Entities
  A cooperative association organized under this article shall have the powers from time to time (1) to acquire part or all of the debt...
• § 2-10-104 - Annual Reports
  Each association formed under this article shall prepare an annual report, on forms furnished by the Secretary of State, indicating the name of the...
• § 2-10-105 - License Fee; Tax Exemption
  Each association organized under this article shall pay an annual license fee of $10.00 but shall be exempt from all franchise or license taxes.
• § 2-10-106 - Distribution of Excess Income, Reserves, or Surpluses
  Net income of a cooperative association organized under this article, in excess of additions to reserves, surpluses, and other authorized deductions, may be distributed...
• § 2-10-107 - Associations Not Deemed Monopolistic or in Restraint of Trade
  No association organized under this article shall be deemed to be a combination in restraint of trade, an illegal monopoly, or an attempt to...
• § 2-10-108 - Applicability of Nonprofit Corporation Laws
  The general corporation laws of this state applicable to nonprofit corporations, as amended from time to time, and all powers and rights thereunder shall...
• § 2-10-109 - Applicability of Other Laws
  No provisions of law which are in conflict with this article shall be construed as applying to the associations provided for in this article.
• § 2-10-110 - Procedure by Which Other Corporations and Associations May Come Under Article
  Any corporation or association organized under any statute of this or any other state, by majority vote of its stockholders or members, may be...
• § 2-10-111 - Use of Word "Cooperative" in Business Name
  No person, firm, corporation, or association organized or doing business in this state as a cooperative association to market agricultural products shall be entitled...

Last modified: October 14, 2016