SECTIONS 13325-13335 - California Statutes

CORPORATIONS CODE

SECTION 13325-13335

13325. An association may:
Engage in any activity in connection with the marketing, selling,
preserving, harvesting, drying, processing, manufacturing, canning,
packing, grading, storing, handling, or utilization of any fishery
products produced or delivered to it by its members; or the
manufacturing or marketing of the by-products thereof; or any
activity in connection with the purchase, hiring, or use by its
members of supplies, machinery, or equipment, or in the financing of
any such activities.

13326. An association may borrow without limitation as to amount of
corporate indebtedness or liability and may make advances to
members.

13327. An association may act as the agent or representative of any
member or members in any of the two next preceding sections.

13328. An association may establish reserves and invest the funds
thereof in bonds or in such other property as may be provided in the
by-laws.

13329. An association may purchase or otherwise acquire, hold, own,
and exercise all rights of ownership in, sell, transfer, pledge, or
guarantee the payment of dividends or interest on, or the retirement
or redemption of, shares of the capital stock or bonds of any
corporation or association engaged in any related activity or in the
warehousing or handling or marketing or packing or manufacturing or
processing or preparing for market of any of the fishery products
handled by the association.

13330. An association may buy, hold and exercise all privileges or
ownership, over such real or personal property as may be necessary or
convenient for the conduct and operation of any of the business of
the association, or incidental thereto.

13331. An association may levy assessments in the manner and in the
amount provided in its by-laws.

13332. An association may do each and every thing necessary,
suitable or proper for the accomplishment of any one of the purposes
or the attainment of any one or more of the objects enumerated in
this article; or conducive to or expedient for the interest or
benefit of the association; and contract accordingly; and in addition
exercise and possess all powers, rights and privileges necessary or
incidental to the purposes for which the association is organized or
to the activities in which it is engaged; and, in addition, any other
rights, powers and privileges granted by the laws of this State to
ordinary corporations, except such as are inconsistent with the
express provisions of this act; and do any such thing anywhere.

13333. An association may use or employ any of its facilities for
any purpose; provided, the proceeds arising from such use and
employment go to reduce the cost of operation for its members; but
the fishery products of nonmembers shall not be dealt in to an amount
greater in value than such as are handled by it for its members.

13334. An association may organize, form, operate, own, control,
have an interest in, own stock of, or be a member of any other
corporation or corporations, with or without capital stock and
engaged in preserving, drying, processing, canning, packing, storing,
handling, shipping, utilizing, manufacturing, marketing, or selling
of the fishery products handled by the association, or the
by-products thereof.
If such corporations are warehousing corporations, they may issue
legal warehouse receipts to the association against the commodities
delivered by it, or to any other person and such legal warehouse
receipts shall be considered as adequate collateral to the extent of
the usual and current value of the commodity represented thereby. In
case such warehouse is licensed or licensed and bonded under the laws
of this State or the United States, its warehouse receipt delivered
to the association on commodities of the association or its members,
or delivered by the association or its members, shall not be
challeged or discriminated against because of ownership or control,
wholly or in part, by the association.

13335. Any association may, upon resolution adopted by its board of
directors, enter into all necessary and proper contracts and
agreements and make all necessary and proper stipulations, agreements
and contracts and arrangements with any other cooperative or other
corporation, association, or associations, formed in this or in any
other State, for the cooperative and more economical carrying on of
its business or any part or parts thereof. Any two or more
associations may, by agreement between them, unite in employing and
using or may separately employ and use the same personnel, methods,
means, and agencies for carrying on and conducting their respective
business.