247.490 Affirmative vote, effect -- Domestic and foreign associations.
186 words·~1 min read·
/ky/chapter-247/247-490A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)If, in such referendum called under the provisions of KRS 247.450 to 247.505, a
majority of the producers in the area in which such referendum is conducted,
eligible to participate and voting therein, shall vote in the affirmative and in favor of
the levying and collection of such assessment proposed in such referendum on such
agricultural commodity, then such assessment shall be collected in the manner
determined and announced by the agency conducting such referendum.
(2)Any agricultural cooperative association organized under KRS Chapter 272 or
272A, any foreign agricultural cooperative association, or any foreign limited
cooperative association that has received a certificate of authority to conduct
business in the Commonwealth in the same manner as a domestic agricultural
cooperative association, on application to and approval by the Commissioner, may
by an alternate procedure, not in conflict with the purposes of KRS 247.450 to
247.505, handle the collection and disbursement of the assessments of its members.
The purchaser of the agricultural commodity of the members of such association
shall be relieved of the collecting and reporting requirements of KRS 247.493 with
respect to such members.