Delaware § 8542 Permissive provisions of marketing contracts

Delaware Statutes

§ 8542 — Permissive provisions of marketing contracts

Delaware·Title 3·Part Cooperative Agricultural Associations or Corporations·Ch. 85 CORPORATION LAW FOR COOPERATIVE AGRICULTURAL ASSOCIATIONS·Subch. Marketing Contracts; Actions; Restraint of Trade and Monopoly

Contracts with stockholders or other patrons may provide that the association may:

(1)Blend proceeds of sales in one or more or all markets, and equalize returns among all stockholders and other patrons in such markets;

(2)Establish pools and, in the case of milk, a base rating plan or any plan for production control;

(3)Collect the proceeds of the sales of such products or commodities direct from the buyer thereof, and this authority shall be coupled with an interest in favor of the association and the other patrons which is irrevocable by the stockholder or patron as long as the contract is in effect;

(4)Make, or permit the buyer to make, such deductions from the proceeds of the sales or products or commodities and the payment therefor to the association as are provided in the co

Free access — add to your briefcase to read the full text and ask questions with AI

Contracts with stockholders or other patrons may provide that the association may:

(1) Blend proceeds of sales in one or more or all markets, and equalize returns among all stockholders and other patrons in such markets;

(2) Establish pools and, in the case of milk, a base rating plan or any plan for production control;

(3) Collect the proceeds of the sales of such products or commodities direct from the buyer thereof, and this authority shall be coupled with an interest in favor of the association and the other patrons which is irrevocable by the stockholder or patron as long as the contract is in effect;

(4) Make, or permit the buyer to make, such deductions from the proceeds of the sales or products or commodities and the payment therefor to the association as are provided in the contract, and such authority shall be coupled with an interest in favor of the association and the other patrons which is irrevocable by the stockholder or patron as long as the contract is in effect.

Delaware § 8542 (Permissive provisions of marketing contracts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.