§ 17-10-213 — Powers

(a) In addition to other powers, a cooperative as an agent
or otherwise:
(i) May perform every act and thing necessary or
proper to the conduct of the cooperative's business or the
accomplishment of the purposes of the cooperative;
(ii) Has other rights, powers, or privileges granted
by the laws of this state to other cooperatives, except those
that are inconsistent with the express provisions of this
article; and
(iii) Has the powers given in this section.
(b) A cooperative may buy, sell, or deal in its own
products, the products of the cooperative's individual members,
patrons or nonmembers, the products of another cooperative
association, or of its members or patrons, or the products of
another person or entity. A cooperative may negotiate the price
at which the products the cooperative is selling may be sold.
(c) A cooperative may enter into or become a party to a
contract or agreement for the cooperative or for the
cooperative's individual members or patrons or between the
cooperative and its members.
(d) A cooperative may purchase and hold, lease, mortgage,
encumber, sell, exchange and convey as a legal entity real
estate, buildings and personal property as the business of the
cooperative may require including the sale or other disposition
of assets required by the business of the cooperative as
determined by the board.
(e) A cooperative may erect buildings or other structures
or facilities on the cooperative's owned or leased property or
on a right-of-way legally acquired by the cooperative.
(f) A cooperative may issue bonds or other evidence of
indebtedness and may borrow money to finance the business of the
cooperative.
(g) A cooperative may make advances to the cooperative's
members or patrons on products delivered by the members or
patrons to the cooperative.
(h) A cooperative may accept deposits of money from other
cooperatives, associations or members from which it is
constituted.
(j) A cooperative may loan or borrow money to or from
individual members, cooperatives or associations from which it
is constituted with security that it considers sufficient in
dealing with the members, cooperatives, or associations.
(k) A cooperative may purchase, acquire, hold, or dispose
of the ownership interests of another business entity whether
organized under the laws of this state or another state and
assume all rights, interests, privileges, responsibilities and
obligations arising out of the ownership interests.
(m) A cooperative may acquire and hold ownership interests
in another business entity organized under the laws of this
state or another state of the United States, including a
business entity organized:
(i) As a federation of associations;
(ii) For the purpose of forming a district, state, or
national marketing, sales or service agency; or
(iii) For the purpose of acquiring marketing
facilities at terminal or other markets in this state or other
states.
(n) A cooperative may purchase, own, and hold ownership
interests, memberships, interests in nonstock capital, evidences
of indebtedness of any domestic business entity or foreign
business entity when reasonably necessary or incidental to
accomplish the purposes stated in the articles.
(o) A cooperative may exercise any and all fiduciary
powers in relations with members, cooperatives, associations or
business entities from which it is constituted.
(p) A cooperative may take, receive, and hold real and
personal property, including the principal and interest of money
or other funds and rights in a contract, in trust for any
purpose not inconsistent with the purposes of the cooperative in
its articles and may exercise fiduciary powers in relation to
taking, receiving, and holding the real and personal property.