Cooperative Marketing Act

The act establishes the legal framework for organizing and operating cooperative marketing associations, governing their formation, articles of incorporation and amendments, bylaws, membership and stock structure, meetings and member voting rights, corporate powers, and ongoing obligations such as annual reports and fees. Its central mechanism is the marketing contract between an association and its members, which is backed by remedies for breach including damages, injunctive relief, and specific performance, along with liability for anyone who induces members to break those contracts or circulates false reports about an association. The act also limits the share of business an association may conduct with nonmembers, provides for affiliation among associations, and declares that associations formed under it are not unlawful combinations in restraint of trade.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.