Five or more natural persons of full age, engaged in the production of agricultural products either as tenants or landlords, who are residents of this state or any other, or two or more cooperative associations, organized under the laws of this state or any other, may form a nonprofit cooperative association with or without capital stock, under the provisions of this act [ 76-12-1 through 76-12-23 NMSA 1978].
§ 76-12-4 NMSA 1978
Who may organize
Known as the Cooperative Marketing Association Act
The act spans §§ 76–76 (23 sections).
Laws 1937, ch. 152, § 4; 1941 Comp., § 48-1304; 1953 Comp., § 45-14-4.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.