§ 2-17-21 — Exception to laws prohibiting conspiracies, combinations

in restraint of trade or monopolies - Crop, marketing and statistical information - Production and consumption advice. A. Any association organized pursuant to the Cooperative Marketing Association Act and complying with the terms thereof shall be deemed not to: 1. Be a conspiracy nor a combination in restraint of trade nor an illegal monopoly; 2. Be an attempt to lessen competition or to fix prices arbitrarily; or 3. Create a combination or pool in violation of any law of this state. B. The contracts and agreements between the association and its members and any agreements authorized in the Cooperative Marketing Association Act shall be considered not to be: 1. Illegal; 2. In restraint of trade; 3. A part of a conspiracy or combination to accomplish an improper or illegal purpose; or 4. Contrary to the provisions of any statute enacted against pooling or combinations. C. An association organized pursuant to the Cooperative Marketing Association Act may acquire, exchange, interpret, and disseminate to its members and others, past, present, and prospective, crop, market, statistical, economic, and other similar information either directly or through an agent created or selected by it or by other associations acting in conjunction with it. D. An association organized pursuant to the Cooperative Marketing Association Act may advise its members in respect to the adjustment of their current and prospective production consumption, selling prices and existing or potential surpluses to the end that every market may be served from the most convenient productive areas under a program of orderly marketing that will assure supplies without undue enhancement of prices or the accumulation of undue surpluses.

Legislative History

Added by Laws 1937, p. 267, § 21. Amended by Laws 2001, c. 38, § 21, eff. Nov. 1, 2001. Renumbered from § 361t of this title by Laws 2001, c. 38, § 26, eff. Nov. 1, 2001.