§ 5-502. Purposes of incorporation

Latest version.

   A cooperative may be incorporated for any combination of the following purposes:

   (1) Collectively to produce, process, prepare for market, handle, store, and market the products of persons engaged in the production of agricultural or fishery products;

   (2) To act as a selling or buying agent for its members; and

   (3) To purchase or otherwise acquire goods or services for its members.

HISTORY: An. Code 1957, art. 23, § 351; 1975, ch. 311, § 2.

                    
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