resources / Statutes / Nonprofit Corporations / §10-2003

Title 10 – Corporations and Associations

Chapter 19 – Not for Profit Corporations and associations, Cooperatives and Fraternal and Benevolent societies

Article 1 – Cooperative Marketing associations

  • A. The following may form a cooperative association with or without capital stock under this article:
    • 1. Five or more persons engaged in the production of products or services.
    • 2. Five or more small businesses, individuals or entities engaged in the marketing and distribution of manufactured goods for import and export purposes.
  • B. Associations organized under this article may make profits for themselves or for their members.