South Carolina Statutes

§ 33-47-460 — Limitation on business with nonmembers.

South Carolina·Title 33 CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS·Ch. 47 MARKETING COOPERATIVE ASSOCIATIONS
No association organized under this chapter shall, during any fiscal year thereof, deal in or handle products, machinery, equipment and supplies and perform services for and on behalf of nonmembers to an amount greater in value than such as are dealt in, handled and performed by it for and on behalf of members during the same period.

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Legislative History

HISTORY: 1962 Code SECTION 12-936; 1952 Code SECTION 12-936; 1942 Code SECTION 6504; 1932 Code SECTION 6504; Civ. C. '22 SECTION 3408; 1921 (32) 339; 1934 (38) 1497; 1935 (39) 163.

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