§18-441-702. Marketing contracts.
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/ok/title-18-corporations/18-441-702·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
MARKETING CONTRACTS.
(a)If a marketing contract provides for the sale of products, commodities, or goods to a limited cooperative association, the sale transfers title to the association upon delivery or at any other specific time expressly provided by the contract.
(b)A marketing contract may:
(1)Authorize a limited cooperative association to create an enforceable security interest in the products, commodities, or goods delivered; and
(2)Allow the association to sell the products, commodities, or goods delivered and pay the sales price on a pooled or other basis after deducting selling costs, processing costs, overhead, expenses, and other charges.
(c)Some or all of the provisions of a marketing contract between a patron member and a limited cooperative association may be contained in the organic rules. Added by Laws 2009, c. 68, § 63, eff. Jan. 1, 2010.