South Carolina Statutes
§ 33-45-170 — Membership in cotton cooperative.
South Carolina·Title 33 CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS·Ch. 45 COOPERATIVE ASSOCIATIONS GENERALLY
A person shall become a member of a cotton cooperative association organized or domesticated under the laws of this State only when the membership contract shall be in duplicate, shall state the time of the duration of such contract and shall be signed both by the member and the association. The signature of any person on a draft or check containing conditions which purport to make a person a member of a cotton cooperative association as a prerequisite to obtaining money on any draft or check given to him for any cotton which he has sold or pledged to any cotton cooperative association shall not be construed as making such person a member of the association, even though he has signed or endorsed the check or draft. Any person violating any of the terms of this section shall be guilty of a
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South Carolina § 33-45-170 (Membership in cotton cooperative.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 12-817; 1952 Code SECTION 12-817; 1942 Code SECTION 8149-1; 1937 (40) 540.
Nearby Sections
15
§ 33-45-10
Definitions.§ 33-45-100
Organization and election of directors.§ 33-45-120
Officers.§ 33-45-130
Calls for payment of subscriptions.§ 33-45-145
Amendment of articles of incorporation.§ 33-45-150
Powers of association.§ 33-45-160
Investment in other cooperative.§ 33-45-170
Membership in cotton cooperative.§ 33-45-180
Apportionment of earnings.§ 33-45-30
Cooperative associations authorized.