§ 13 — Purposes for which general cooperative corporations may be formed

New York § 13

• Jurisdiction: New York
• Law CCO: Cooperative Corporations
• Art. 2: Formation and Dissolution of Cooperative Corporations; Classes; Powers; By-laws

Text

§ 13. Purposes for which general cooperative corporations may be\nformed. A cooperative corporation may be created under this chapter\nprimarily for mutual help, not conducted for profit, for the purposes of\nassisting its members, including other cooperatives with which it is\naffiliated, by performing services connected with the purchase,\nfinancing, production, manufacture, warehousing, cultivating,\nharvesting, preservation, drying, processing, cleansing, canning,\nblending, packing, grading, storing, handling, utilization, shipping,\nmarketing, merchandising, selling, financing or otherwise disposing of\nthe agricultural and food products of its members or of any by-products\nthereof, including livestock waste or other organic agricultural wastes\nand the capture of methane and other gases for the generation and use or\nsale of energy, as defined in section 1-103 of the energy law, or\nconnected with the acquisition for its members of labor, supplies and\narticles of common use, including livestock, equipment, machinery, food\nproducts, family or other household and personal supplies, to be used or\nconsumed by the members, their families or guests, or for carrying on\nany other household operation or educational work in home economics and\ncooperation by or for its members, or for buying, selling or leasing\nhomes or farms for its members, or building or conducting housing or\neating places cooperatively, or for furnishing medical expense\nindemnity, dental expense indemnity, or hospital services to persons who\nbecome subscribers under contracts with such corporations in the manner\nprovided in article forty-three of the insurance law, or for the purpose\nof organizing agency or credit corporations as provided in article seven\nof this chapter, but a corporation so organized as a credit corporation\nshall not have power to engage in any other activities. A certificate of\nincorporation, which includes the purpose of carrying on educational\nwork, shall have attached thereto the consent of the commissioner of\neducation. A worker cooperative may be formed for any lawful business\npurpose and may be conducted for profit.\n