N.Y. Cooperative Corporations Law § 112: Incorporation

§ 112. Incorporation. Five or more producers of agricultural products

may form a cooperative agricultural corporation with or without capital

stock, under this article. If the principal activities of such a

corporation are connected with the marketing, processing, manufacture,

sale or other dispositions of agricultural products, agricultural waste

product, or agricultural compost including the capture of methane and

other gases for the generation and use or sale of energy, as defined in

section 1-103 of the energy law, it may be termed a cooperative

marketing corporation and incorporated as such. If its principal

activities relate to the purchase of supplies for producers of

agricultural products, it may be termed a cooperative purchasing

association and incorporated as such, but in either case such a

corporation may engage in both such lines of activity. Nothing in this

section or article shall be deemed to prohibit the incorporation of a

cooperative corporation under article two of this chapter or affect the

existing powers of any existing cooperative corporation not within

section one hundred eleven of this article.