GroundRules
FAC § 54262
Where this section sits in the code
- Food and Agricultural Code - FAC
- DIVISION 20. PROCESSORS, STORERS, DEALERS, AND DISTRIBUTORS OF AGRICULTURAL PRODUCTS [54001. - 57700.]
- CHAPTER 1. Nonprofit Cooperative Associations [54001. - 54294.]
- ARTICLE 10. Marketing Contracts [54261. - 54266.]
The contract may provide that the association may sell or resell any product that is delivered by its members, with or without taking title to that product, and pay over to its members, the resale price, after deducting all of the following:
(a) Necessary selling, overhead, and other costs and expenses.
(b) Proper reserves for retiring stock, if any.
(c) Dividends not exceeding 8 percent per annum upon stock or membership capital.
Collected 2026-09-14T05:56:33Z. Source file · JSON