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us-gu · Through P.L. 38-133 (June 4, 2026)

18 GCA § 17702: Marketing Contracts.

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Where this section sits in the code
  1. Title 18: Business Structure and Function
  2. Division 1 - Business Structure
  3. Part 2 - Special Corporate Forms
  4. Chapter 17: Guam Uniform Limited Cooperative Association Act
  5. ARTICLE 7: MARKETING CONTRACTS

(a) 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.

(b) A marketing contract may:

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

(2) 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.

(c) 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.

Collected 2026-09-27T03:54:38Z. Source file · JSON

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