§ 17-10-117 — Sales contracts with members

Any association organized under this act, as agent to sell the
products of members or purchase supplies for members may operate
upon a nonprofit basis by contracting to pay the members, for
products sold by said members to or through the association, the
resale price minus a uniform charge to cover the expenses
involved in the handling of said products; there shall also be
set aside for a reserve fund a small percentage of the sale
price, said percentage to be fixed by the bylaws; resale price
to be the actual resale price to be based upon the average price
during any period for products of the same type and quality; the
uniform charges for expenses to be specified in the contract or
made otherwise ascertainable or left for determination by the
directors.