Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 10. Corporations and Associations |
Chapter 19. CORPORATIONS AND ASSOCIATIONS NOT FOR PROFIT |
Article 1. Cooperative Marketing Associations |
Sec 10-2003. Requirements for formation; limitation on association profits
Latest version.
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A. Five or more persons engaged in the production of agricultural products may form a nonprofit, cooperative association without capital stock under the provisions of this article.
B. Associations organized under this article shall not make profits for themselves or for their members, but only for their members as producers.