§ 1141j. Miscellaneous provisions
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(a)“Cooperative association” defined As used in this chapter, the term “cooperative association” means any association in which farmers act together in processing, preparing for market, handling, and/or marketing the farm products of persons so engaged, and also means any association in which farmers act together in purchasing, testing, grading, processing, distributing, and/or furnishing farm supplies and/or farm business services: Provided, however, That such associations are operated for the mutual benefit of the members thereof as such producers or purchasers and conform to one or both of the following requirements:
First. That no member of the association is allowed more than one vote because of the amount of stock or membership capital he may own therein; and
Second. That the association does not pay dividends on stock or membership capital in excess of 8 per centum per annum.
And in any case to the following:
Third. That the association shall not deal in farm products, farm supplies, and farm business services with or for nonmembers in an amount greater in value than the total amount of such business transacted by it with or for members. All business transacted by any cooperative association for or on behalf of the United States or any agency or instrumentality thereof shall be disregarded in determining the volume of member and nonmember business transacted by such association.
(b)Speculation prohibited It shall be unlawful for the governor, or any officer or employee of the Farm Credit Administration to speculate directly or indirectly, in any agricultural commodity or product thereof, or in contracts relating thereto, or in the stock or membership interests of any association or corporation engaged in handling, processing, or disposing of any such commodity or product. Any person violating this subdivision shall upon conviction thereof be fined not more than $10,000, or imprisoned not more than ten years, or both.
(c)Confidential information; disclosure prohibited It shall be unlawful
(1)for any cooperative association, stabilization corporation, clearing-house association, or commodity committee, or
(2)for any director, officer, employee, or member or person acting on behalf of any such association, corporation, or committee, to which or to whom information has been imparted in confidence by the administration, to disclose such information in violation of any regulation of the administration. Any such association, corporation, or committee, or director, officer, employee, or member thereof, violating this subdivision, shall be fined not more than $5,000, or imprisoned not more than five years, or both.
(d)Separability clause If any provision of this chapter is declared unconstitutional, or the applicability thereof to any person, circumstance, commodity, or class of transactions with respect to any commodity is held invalid, the validity of the remainder of the chapter and the applicability of such provision to other persons, circumstances, commodities, and classes of transactions shall not be affected thereby.
(e)Citation of chapter This chapter may be cited as the “Agricultural Marketing Act.”
(f)“Agricultural commodity” defined As used in this chapter, the term “agricultural commodity” includes, in addition to other agricultural commodities, crude gum (oleoresin) from a living tree, and the following products as processed by the original producer of the crude gum (oleoresin) from which derived: Gum spirits of turpentine and gum rosin, as defined in section 92 of title 7.
(June 15, 1929, ch. 24, § 15, 46 Stat. 18; Mar. 4, 1931, ch. 520, § 3, 46 Stat. 1550; Ex. Ord. No. 6084, Mar. 27, 1933; June 16, 1933, ch. 98, title V, § 55, 48 Stat. 266; June 3, 1935, ch. 164, § 12, 49 Stat. 317; Pub. L. 110–234, title I, § 1610, May 22, 2008, 122 Stat. 1018; Pub. L. 110–246, § 4(a), title I, § 1610, June 18, 2008, 122 Stat. 1664, 1746.)
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Cited by 165 sections · top 60
U.S. Code
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- § 8802Definitions
- § 1141Declaration of policy; effective merchandising of agricultural commodities; speculation; cooperative marketing; surpluses; administration of chapter
- § 8781Administration generally
- § 2302ADDITIONAL SNAP FLEXIBILITIES IN A PUBLIC HEALTH EMERGENCY
- § 1150aFarm loans to which chapter is applicable
- § 13508Limited authority over cooperative associations
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- § 501.3Definitions.
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- § 16.201Contents of application.
- § 301.7430-5Prevailing party.
- § 3.81General provisions.
- § 960.4Eligibility of applicants.
- § 134.4Eligibility of applicants.
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statutes-at-large
- Public Law 380
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- Public Law 90–287
- Public Law 776
- Public Law 379
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- Public Law 415
- Public Law 98–216To codify without substantive change recent laws related to money and finance and transportation and to improve the United States Code
- Public Law 96–481To amend the Small Business Act, to provide for the payment of the United States of certain fees and costs incurred by prevailing parties in Federal agency adjudications and in civil actions in courts of the United States, and for other purposes
- Public Law 97–449To revise, codify, and enact without substantive change certain general and permanent laws related to transportation as subtitle I and chapter 31 of subtitle II of title 49, United States Code, “Transportation”
- Public Law 110–234To provide for the continuation of agricultural programs through fiscal year 2012, and for other purposes
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statute-compilations
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- June 15, 1929, ch. 24, § 15
- 46 Stat. 18
- Mar. 4, 1931, ch. 520, § 3
- 46 Stat. 1550
- June 16, 1933, ch. 98
- 48 Stat. 266
- June 3, 1935, ch. 164, § 12
- 49 Stat. 317
- Pub. L. 110–234, title I, § 1610
- 122 Stat. 1018
- Pub. L. 110–246, § 4(a)
- 122 Stat. 1664
- Pub. L. 110–234
- Pub. L. 110–246
- section 4(a) of Pub. L. 110–246
- Pub. L. 110–246, § 1610
- section 4 of Pub. L. 110–246
- 67 Stat. 633
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cites case law
§ 1141j
Miscellaneous provisions
C.F.R.×55
Fed. Reg.×50
Stat.×28
U.S.C.×24
Stat. Comp.×6
Bills×2
ActJune 15, 1929, ch. 24, § 15
Stat.46 Stat. 18
ActMar. 4, 1931, ch. 520, § 3
Stat.46 Stat. 1550
ActJune 16, 1933, ch. 98
Cites 22 · showing 9Cited by 165 across 6 sources