Find Laws Find Lawyers Free Legal Forms USA State Laws

KANSAS STATUTES AND CODES

17-1602. Definitions, nonprofit character of associations.

17-1602

Chapter 17.--CORPORATIONS
Article 16.--COOPERATIVE MARKETING

      17-1602.   Definitions, nonprofit character of associations. (a) As used in this act:

      (1)   "Agricultural products" shall include horticultural, viticultural, forestry, dairy, livestock, poultry, bee, and farm and ranch products.

      (2)   "Member" shall include actual members of associations without capital stock and holders of common stock in associations organized with capital stock.

      (3)   "Association" means any corporation organized under this act.

      (4)   "Person" shall include individuals, firms, trusts, partnerships, corporations and associations.

      (5)   "Patronage" shall include the volume or dollar value of business transacted with the corporation.

      (6)   "Equity" shall include an initial share or shares of stock to reflect membership as well as amounts allocated to patrons in the form of stock, certificates, or other such instruments or book credits to reflect patronage.

      (7)   "Cooperative" means any association organized under this act, a cooperative association organized under the laws of any other state, any other association or corporation qualifying as a "farmer's cooperative" within the meaning of section 521 of the federal internal revenue code of 1986, and amendments thereto, or any corporation operating on a cooperative basis within the meaning of section 1381 of the federal internal revenue code of 1986, and amendments thereto.

      (b)   Associations organized under this act shall be deemed nonprofit, as they are not organized to make profit for themselves, as such, or for their members as such, but only for their members as producers. This act shall be referred to as the "cooperative marketing act."

      History:   L. 1921, ch. 148, § 2; R.S. 1923, 17-1602; L. 1992, ch. 227, § 2; July 1.

Kansas Forms by Issue

Kansas Business Forms
Kansas Court Forms
> DUI
> Attorney Complaints
> Prison
Kansas Divorce Forms
Kansas Employment Forms
Kansas Family Forms
Kansas Gun Forms
Kansas Name Change Forms
Kansas Tax Forms

Kansas Law

Kansas State Laws
    > Kansas Child Support
    > Kansas Gun Laws
    > Kansas Nebraska Act
    > Kansas Statutes
Kansas Tax
    > Kansas State Tax
Kansas Labor Laws
    > Kansas Unemployment
Kansas Agencies
    > Kansas Department of Corrections
    > Kansas Department of Revenue
    > Kansas Department of Wildlife and Parks
    > Kansas DMV
    > Kansas Secretary of State

Kansas Court Map

Tips