§10-2003 Requirements for formation; association profits
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.