Utah § 16-16-702 Marketing contracts.

Utah Statutes

§ 16-16-702 — Marketing contracts.

Utah·Title 16 Corporations·Ch. 16-16 Uniform Limited Cooperative Association Act·Part 16-16-7 Marketing Contracts

(1)If a marketing contract provides for the sale of products, commodities, or goods to a limited cooperative association, the sale transfers title to the association upon delivery or at any other specific time expressly provided by the contract.

(2)A marketing contract may:

(2)(a) authorize a limited cooperative association to create an enforceable security interest in the products, commodities, or goods delivered; and

(2)(b) allow the association to sell the products, commodities, or goods delivered and pay the sales price on a pooled or other basis after deducting selling costs, processing costs, overhead, expenses, and other charges.

(3)Some or all of the provisions of a marketing contract between a patron member and a limited cooperative association may be contained in the organic

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(1) If a marketing contract provides for the sale of products, commodities, or goods to a limited cooperative association, the sale transfers title to the association upon delivery or at any other specific time expressly provided by the contract.
(2) A marketing contract may:

(2)(a) authorize a limited cooperative association to create an enforceable security interest in the products, commodities, or goods delivered; and
(2)(b) allow the association to sell the products, commodities, or goods delivered and pay the sales price on a pooled or other basis after deducting selling costs, processing costs, overhead, expenses, and other charges.
(3) Some or all of the provisions of a marketing contract between a patron member and a limited cooperative association may be contained in the organic rules.

Utah § 16-16-702 (Marketing contracts.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.