South Carolina § 33-47-20 Definitions.

South Carolina Statutes

§ 33-47-20 — Definitions.

South Carolina § 33-47-20

Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

Ch. 47MARKETING COOPERATIVE ASSOCIATIONS

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Bluebook

S.C. Code Ann. § 33-47-20 (2026).

Text

As used in this chapter:

(1)The term "agricultural products" shall include horticultural, viticultural, forestry, dairy, livestock, poultry, bee and any other farm products;

(2)The term "member" shall include actual members of associations without capital stock and holders of common stock in associations organized with capital stock; and (3) The term "association" means any corporation organized under this chapter. Associations organized hereunder shall be deemed nonprofit, inasmuch as they are not organized to make profit for themselves, as such, or for their members, as such, but only for their members as producers.

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As used in this chapter: (1) The term "agricultural products" shall include horticultural, viticultural, forestry, dairy, livestock, poultry, bee and any other farm products; (2) The term "member" shall include actual members of associations without capital stock and holders of common stock in associations organized with capital stock; and (3) The term "association" means any corporation organized under this chapter. Associations organized hereunder shall be deemed nonprofit, inasmuch as they are not organized to make profit for themselves, as such, or for their members, as such, but only for their members as producers.