Maine § 13 §2283 Sales and resales; payments to members; deductions

Maine Statutes

§ 13 §2283 — Sales and resales; payments to members; deductions

Maine § 13 §2283

Title 13CORPORATIONS

Part 2CORPORATIONS WITHOUT CAPITAL

Ch. 87FISH MARKETING ASSOCIATIONS

This text of Maine § 13 §2283 (Sales and resales; payments to members; deductions) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 13, § 13 §2283 (2026).

Text

The contract may provide that the association may sell or resell the fishery products delivered by its members, with or without taking title thereto; and pay over to its members the resale price, after deducting all necessary selling, overhead and other costs and expenses, including interest on preferred stock, not exceeding 8% per annum, and reserves for retiring the stock, if any; and other proper reserves; and interest not exceeding 8% per annum upon common stock.

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The contract may provide that the association may sell or resell the fishery products delivered by its members, with or without taking title thereto; and pay over to its members the resale price, after deducting all necessary selling, overhead and other costs and expenses, including interest on preferred stock, not exceeding 8% per annum, and reserves for retiring the stock, if any; and other proper reserves; and interest not exceeding 8% per annum upon common stock.