No association organized hereunder 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 any agreements authorized in this Subchapter be considered illegal or in restraint of trade.
N.C. Gen. Stat. § 54-141
Associations not in restraint of trade
Known as the Cooperative Marketing Act
The act spans §§ 54–54 (18 sections).
Applied in 1 court decision — leading case Bailey v. Flue-Cured Tobacco Cooperative Stabilization Corp. (2003)
Most recently applied in Bailey v. Flue-Cured Tobacco Cooperative Stabilization Corp. (June 2003)
1921, c. 87, s. 26; C.S., s. 5259(m).
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.