0 chapters · 1,215 sections in this title.
Ala. Code § 2-10-1 Use of Word “Cooperative” in Title
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No person, firm, corporation or association organized or doing business in this state as a cooperative association to market agricultural products shall be entitled to use the word “cooperative” as a part of its corporate or other business name or title unless it has complied wit…
Ala. Code § 2-10-100 Associations May Federate
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Associations incorporated under this article may, in carrying out their purposes, become members of and enjoy the facilities and cooperation of any federation whose members are agricultural societies, organizations or associations whose purposes and operations are in any way prom…
Ala. Code § 2-10-101 How Federation Organized and Managed
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Five or more associations or corporations organized under this article, or whose purposes and operations are in any way promotive of, and not inconsistent with, the purposes of this article, whether incorporated under this article or not, may organize and incorporate a federation…
Ala. Code § 2-10-102 Powers of Federation
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Any federation incorporated under Section 2-10-101 for the purpose of carrying out the purposes of this article and the rendition of services to its constituent members and their members shall have all the rights, powers, privileges and immunities given its constituent members as…
Ala. Code § 2-10-103 Charges for Expenses and Creating Reserve; Patronage Dividends
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An association incorporated under this article may make charges to its members and deductions from the proceeds of their products for services rendered to them, for the purpose of paying the expenses of operation and the maintenance and development of such association and for the…
Ala. Code § 2-10-104 Certain Civil Actions Authorized
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An association incorporated under this article may institute and defend civil actions and may collect, institute civil actions for and realize on claims for the purchase money of products sold by it for its members or nonmembers, and on claims for freight overcharges on and for l…
Ala. Code § 2-10-105 Permit Fee; Taxation
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Any corporation or association organized under this article shall pay to the state the annual permit fee of $10.00 now required by law and shall pay all ad valorem taxes on its real and personal property; except, that all cotton and all other agricultural products which have been…
Ala. Code § 2-10-106 Existing Associations May Come Under This Article
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Existing associations may come under this article. Any cooperative association already in existence may by majority vote of the stockholders or its members be brought under the provisions of this article by adopting the restrictions provided in this article and complying with the…
Ala. Code § 2-10-107 Fees for Filing Articles of Incorporation
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For filing articles of incorporation, an association organized under this article shall pay $5.00 to the probate judge in whose office the same is filed. The Secretary of State for the use of the state shall be paid $5.00 for filing the certificate of incorporation forwarded by t…
Ala. Code § 2-10-108 Incorporated Marketing Association Not Affected
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This article shall not amend, repeal or in anywise affect the provisions of article 3 of this chapter, nor any corporation or association formed thereunder. History: (Acts 1935, No. 220, p. 604; Code 1940, T. 2, §133.)
Ala. Code § 2-10-20 “Association” Defined
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The word “association,” as used in this article, shall refer to agricultural cooperative marketing associations and other organizations, whether incorporated or not, which have for their objects engaging in activities similar to those of a cooperative marketing association. Such …
Ala. Code § 2-10-21 Permit Required; Fee
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No association shall engage in business until it has first secured a permit from the commissioner. Application for such permit shall be made on blanks prescribed by the State Board of Agriculture and Industries and shall be accompanied by a fee of $25.00. History: (Ag. Code 1927,…
Ala. Code § 2-10-22 Duty of Commissioner Upon Receipt of Application for Permit
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Upon receipt of an application by an association for a permit, the commissioner shall ascertain from the best source of information at his command whether the character and general fitness of the persons to have charge and control are such as to command the confidence of the comm…
Ala. Code § 2-10-23 Issuance of Permit; Annual Renewal Permit Fee; Penalty for Failure to
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Pay Renewal Fee. If the commissioner is satisfied from his investigation that the character and general fitness of the persons to manage an association are such as to assure a proper, fair and successful operation of such association and that such association will be of public be…
Ala. Code § 2-10-24 Refusal of Permit
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In the event the commissioner is of the opinion from his investigation that an association making application for a permit cannot be successfully conducted or that the character or general fitness of the person to have charge or control are not such as to assure its fair and succ…
Ala. Code § 2-10-25 Notice of Decision Refusing Permit; Appeal
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If the commissioner refuses to issue a permit, he shall by registered or certified mail notify the principal officer or manager of the association and may notify by mail all members. An appeal by anyone interested shall lie from the decision of the commissioner to the State Board…
Ala. Code § 2-10-26 Temporary Permit Pending Appeal
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In the event an association desires to do business pending the appeal provided for in Section 2-10-25, it may be issued a temporary permit to do so upon paying $1.00 and filing bond with the commissioner in such sum as the commissioner may fix, conditioned to protect all persons …
Ala. Code § 2-10-27 Authority to Acquire Stock and Execute Mortgages
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All cooperative agricultural associations of any kind or character whatsoever, heretofore or hereafter organized under the laws of the State of Alabama, are hereby authorized and empowered to purchase or otherwise acquire and to hold stock in the New Orleans Bank for Cooperatives…
Ala. Code § 2-10-28 Annual Report
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Every association shall prepare and make out an annual report, on forms furnished by the commissioner and approved by the State Board of Agriculture and Industries, containing such financial and other information relative to its operation during the fiscal year as may be required…
Ala. Code § 2-10-29 Investigation of Affairs of Association
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The commissioner shall have authority, when so ordered by the State Board of Agriculture and Industries, to examine and investigate each association as to its conduct of business, the correctness of its books, its financial condition and the safety and prudence of its management.…
Ala. Code § 2-10-30 Commissioner to Report Association Violating Purposes of
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Organization, Etc. Whenever the commissioner finds that an association is violating the purposes for which organized or is conducting its business in any unauthorized manner or is not serving the interest of its members or is being conducted in such a manner as to seriously impai…
Ala. Code § 2-10-31 Hearing on Report of Commissioner
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The State Board of Agriculture and Industries shall consider all facts relative to the report of the commissioner required by Section 2-10-30 in executive session; provided, that any person the board sees fit may be admitted to such session, but such person shall not disclose to …
Ala. Code § 2-10-32 Order of Board After Hearing; Appeal
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The State Board of Agriculture and Industries, upon any hearing provided for in this article, may require the commissioner to call a meeting of the directors of the association and seek to work out a solution of conditions with them, may order the conditions on which there may be…
Ala. Code § 2-10-33 Bond Required of Person Placed in Charge of Association
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Whenever the State Board of Agriculture and Industries shall place an association in the charge or control of a person, as provided in Section 2-10-32, such person shall be bonded by a bonding company in such amount and under such conditions as shall be fixed by the board to fait…
Ala. Code § 2-10-34 Payment of Expense of Operating or Closing Out Association
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The expense of operating or closing out an association, as provided in Section 2- 10-32, shall be paid by the association, including the reasonable salary of the agent placed in charge thereof, reasonable attorney’s fees and any other expense incident to properly closing said ass…
Ala. Code § 2-10-35 Dissolution of Marketing or Marketing and Purchasing Associations
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(a) Any cooperative marketing corporation or association or mutual cooperative marketing or purchasing corporation or association organized under the laws of this state, may be dissolved in the mode and manner following: (1) In any mode or manner now provided by law in this state…
Ala. Code § 2-10-50 Definitions
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As used in this article, the following words and phrases shall have the meanings respectively ascribed to them in this section: (1) AGRICULTURAL PRODUCTS. Such term shall include horticultural, viticultural, forestry, dairy, livestock, poultry, bee, fish, aquatic and seafood prod…
Ala. Code § 2-10-51 Nonprofit Associations
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Associations organized under this article shall be deemed nonprofit, inasmuch as they are not organized to make profits for themselves as such or for their members as such, but only for their members as producers. History: (Acts 1921, Ex. Sess., No. 31, p. 38; Code 1923, §7128; C…
Ala. Code § 2-10-52 Who May Form Association
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Five or more persons engaged in the production of agricultural products may form a nonprofit cooperative association, with or without capital stock, under the provisions of this article. History: (Acts 1921, Ex. Sess., No. 31, p. 38; Code 1923, §7129; Code 1940, T. 2, §87.)
Ala. Code § 2-10-53 Objects of Association
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An association may be organized under this article to engage in any activity in connection with the marketing or selling of the agricultural products of its members or with the harvesting, preserving, drying, processing, canning, packing, storing, handling, shipping, ginning or u…
Ala. Code § 2-10-54 Powers of Association
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Each association incorporated under this article shall have the following powers: (1) To engage in any activity in connection with the marketing, selling, harvesting, preserving, drying, processing, canning, packing, storing, handling, ginning or utilization of any agricultural p…
Ala. Code § 2-10-55 Who May Become Members or Stockholders
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Under the terms and conditions prescribed in its bylaws, an association may admit as members (or issue common stock to) only persons or associations or corporations composed solely of persons engaged in the production of the agricultural products to be handled by or through the a…
Ala. Code § 2-10-56 Contents of Articles of Incorporation; Signing, Acknowledgment and
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Filing. Each association formed under this article shall prepare and file articles of incorporation, setting forth: the name of the association; the purposes for which it was formed; the place where its principal business will be transacted; the term for which it is to exist; the…
Ala. Code § 2-10-57 Amendments to Articles of Incorporation
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The articles of incorporation or charter of any cooperative or mutual association of farmers organized under the provisions of this article may be altered or amended at any regular meeting of the members or at any special meeting called for that purpose; provided that a quorum sh…
Ala. Code § 2-10-58 Provisions of Bylaws
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Each association incorporated under this article shall, within 30 days after its incorporation, adopt for its government and management bylaws not inconsistent with the powers granted by this article. A majority vote of the members or stockholders or their written assent is neces…
Ala. Code § 2-10-59 Regular and Special Meetings of Members
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In its bylaws each association shall provide for one or more regular meetings annually. The board of directors shall have the right to call a special meeting at any time, and 10 percent of the members or stockholders may file a petition stating the specific business to be brought…
Ala. Code § 2-10-60 Selection of Directors; Contracts with Association; Vacancies
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The affairs of an association shall be managed by a board of not less than five directors, elected by the members or stockholders from their own number. The bylaws may provide that the territory in which the association has members shall be divided into districts and that the dir…
Ala. Code § 2-10-61 Officers
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The directors of each association shall elect from their number a president and one or more vice-presidents. They shall also elect a secretary and a treasurer, who need not be directors, and they may combine the two latter offices and designate the combined office as secretary-tr…
Ala. Code § 2-10-62 Certificate of Membership; Stock of Association; Member’s Liability for
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Association’s Debts. When a member of an association established without capital stock has paid his membership fee in full, he shall receive a certificate of membership. No association shall issue stock to a member until it has been fully paid for. The promissory notes of the mem…
Ala. Code § 2-10-63 Removal of Officer or Director
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Any member may bring charges against an officer or director by filing them in writing with the secretary of the association, together with a petition signed by 10 percent of the members, requesting the removal of the officer or director in question. The removal shall be voted upo…
Ala. Code § 2-10-64 Referring Questions to Entire Membership
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Upon demand of one third of the entire board of directors, any matter that has been approved or passed by the board must be referred to the entire membership or the stockholders for decision at the next special or regular meeting, but a special meeting may be called for the purpo…
Ala. Code § 2-10-65 Marketing Contracts
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The association and its members may make and execute marketing contracts, requiring the members to sell, for any period of time not over 10 years, all or any specified part of their agricultural products or specified commodities exclusively to or through the association or any fa…
Ala. Code § 2-10-66 Exchange of Stock
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Whenever an association organized under this article with preferred capital stock shall purchase the stock or any property or any interest in any property of any person, firm, corporation or association, it may discharge the obligations so incurred, wholly or in part, by exchangi…
Ala. Code § 2-10-67 Annual Report of Association
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Each association formed under this article shall prepare and make out an annual report on forms furnished by the Secretary of State, containing the name of the association, its principal place of business and a general statement of its business operations during the fiscal year, …
Ala. Code § 2-10-68 Conflicting Laws Not Applicable
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Any provisions of law which are in conflict with this article shall not be construed as applying to the associations provided for in this article. History: (Acts 1921, Ex. Sess., No. 31, p. 38; Code 1923, §7146; Code 1940, T. 2, §104.)
Ala. Code § 2-10-69 Association May Form, Own or Control Another Corporation
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The association may organize, form, operate, own, control, have an interest in, own stock of or be a member of any other corporation or corporations, with or without capital stock, engaged in preserving, drying, processing, canning, packing, storing, handling, shipping, ginning, …
Ala. Code § 2-10-70 Agreements Between Associations
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Any association may, upon resolution adopted by its board of directors, enter into all necessary and proper contracts and agreements and make all necessary and proper stipulations, agreements, contracts and arrangements with any other cooperative corporation, association or assoc…
Ala. Code § 2-10-71 Association Not a Monopoly
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No association organized under this article shall be deemed to be a combination in restraint of trade or an illegal monopoly or an attempt to lessen competition or fix prices arbitrarily, nor shall the marketing contracts or agreements between the association and its members or a…
Ala. Code § 2-10-72 Applicability of General Corporation Laws
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The provisions of the general corporation laws of this state and all powers and rights thereunder shall apply to the associations organized under this article, except where such provisions are in conflict with or inconsistent with the express provisions of this article. History: …
Ala. Code § 2-10-73 Fees to Probate Judges and Secretary of State
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For examining and filing corporation papers under provisions of this article, the probate judge in whose office the same is filed shall receive a fee of $2.00 and be paid $.15 per 100 words for recording the same. The Secretary of State for the use of the state shall be paid $5.0…