Home/DC Code/§ 29-1007.02
§ 29-1007.02Title 29

Marketing contracts.

If a marketing contract provides for the sale of products, commodities, or goods to a limited cooperative association, the sale shall transfer title to the association upon delivery or at any other specific time expressly provided by the contract. A marketing contract may: Authorize a limited cooperative association to create an enforceable security interest in the products, commodities, or goods delivered; and 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. 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.

Annotations

July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720
Uniform Law: This section is based on § 702 of the Uniform Limited Cooperative Association Act. Edition
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Sourced from the DC Council Open Law Library (public domain).

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