South Carolina Statutes
§ 33-47-1110 — Contracts for marketing products.
South Carolina·Title 33 CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS·Ch. 47 MARKETING COOPERATIVE ASSOCIATIONS
The association and its members may make and execute marketing contracts requiring the members to sell, for any period of time not over ten years, all or any specified part of their agricultural products or specified commodities exclusively to or through the association or any facilities to be created by the association. The contract may provide that the association may sell or resell the products of 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 dividends on preferred stock, not exceeding eight per cent per annum, reserves for retiring the stock, if any, other proper reserves and dividends not exceeding eight per cent per annum upon common stock.
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South Carolina § 33-47-1110 (Contracts for marketing products.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 12-971; 1952 Code SECTION 12-971; 1942 Code SECTION 6515; 1932 Code SECTION 6515; Civ. C. '22 SECTION 3419; 1921 (32) 339.
Nearby Sections
15
§ 33-47-10
Short title.§ 33-47-110
Annual reports.§ 33-47-1110
Contracts for marketing products.§ 33-47-1120
Damages for breach.§ 33-47-1130
Injunction and specific performance.§ 33-47-1140
Contracts entered into with other associations.§ 33-47-20
Definitions.§ 33-47-210
Articles of incorporation.§ 33-47-230
Powers of association.§ 33-47-240
Amendment of articles of incorporation.