79-19-11 - Members. - Mississippi Statutes

§ 79-19-11. Members.
 

(1)  Under the terms and conditions prescribed in its bylaws, an association may admit as members, or issue common stock or certificate of membership, only to persons engaged in the production of the agricultural products to be handled by or through the association, including the lessees and tenants of land used for the production of such products and any lessors and landlords who receive as rent part of the crops raised in the leased premises. Certificate of membership and common stock shall not be transferable, and no person shall acquire the same by operation of law or otherwise, except as provided herein. 

(2)  If a member of a nonstock association be other than a natural person, such member may be represented by any individual, associate, officer, manager, or member thereof, duly authorized in writing. 

(3)  One (1) association organized hereunder may become a member or stockholder of any other association or associations organized hereunder or whose purposes and operations are in harmony with the purposes of this chapter. 

(4)  The first meeting of persons at interest, unless otherwise provided for, may be called by notice published in some convenient newspaper at least five (5) days before the time appointed for the meeting, which notice shall be signed by one or more persons named in the articles of association; and the meeting when assembled may proceed to organize the association. 
 

Sources: Codes, 1930, §§ 4103, 4104; 1942, §§ 4498, 4499; Laws,  1922, ch. 179; Laws, 1930, ch. 10; Laws, 1964, ch. 260, eff from and after passage (approved March 11, 1964).