272.191 Who may become members.

123 words·~1 min read·/ky/chapter-272/272-191

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Under terms and conditions prescribed in its bylaws, an association may admit as

members (or issue voting stock to) only persons engaged in the production of

agricultural products, including tenants and landlords who receive any part of the

crop raised on the leased premises or one or more associations of such producers.

An association or foreign association may be the sole member or holder of all the

voting stock of an association or of a foreign association.

(2)If any member of an association organized or brought hereunder be other than a

natural person, such member may be represented by an individual, delegate,

associate, officer, or member thereof, duly authorized in writing.

(3)Associations organized hereunder may become members of other associations.