Section 308B.201 Organizational Purpose
308B.201 ORGANIZATIONAL PURPOSE.
A cooperative may be formed and organized on a cooperative plan for any lawful purpose, including:
(1) to market, process, or otherwise change the form or marketability of products, including crops, livestock, and other agricultural products, the manufacturing and further processing of those products, other purposes that are necessary or convenient to facilitate the production or marketing of products by patron members and others, and other purposes that are related to the business of the cooperative;
(2) to provide products, supplies, and services to its members; and
(3) for any other purposes that cooperatives are authorized to perform by law.
History:
2003 c 105 art 1 s 9; 2004 c 228 art 1 s 51