43-16-103 - Chapter definitions.
43-16-103. Chapter definitions.
(a) As used in this chapter, unless the context otherwise requires:
(1) Agricultural products includes horticultural, viticultural, forestry, dairy, livestock, poultry, bee and any farm products;
(2) Association means any corporation organized under this chapter;
(3) Member includes actual members of associations without capital stock, and holders of common stock in associations organized with capital stock; and
(4) Person includes an individual, firm, partnership, corporation, and association.
(b) An association organized under this chapter shall be deemed nonprofit, inasmuch as it is not organized to make profit for itself, as such, or for its members, as such, but only for its members as producers.
[Acts 1923, ch. 100, § 2; Shan. Supp., § 2534a27; Code 1932, § 3785; T.C.A. (orig. ed.), § 43-1803.]