Kentucky Statutes 272A.7-010 – Definition of marketing contract
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As used in this subchapter, “marketing contract” means a contract between a limited cooperative association and another person that need not be a patron member:
(1) Requiring the other person to sell, or deliver for sale or marketing on the person’s behalf, a specified part of the person’s products, commodities, or goods exclusively to or through the association or any facilities furnished by the association; or
(2) Authorizing the association to act for the person in any manner with respect to the products, commodities, or goods.
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 160, sec. 50, effective July 12, 2012.
(1) Requiring the other person to sell, or deliver for sale or marketing on the person’s behalf, a specified part of the person’s products, commodities, or goods exclusively to or through the association or any facilities furnished by the association; or
Terms Used In Kentucky Statutes 272A.7-010
- Contract: A legal written agreement that becomes binding when signed.
- Cooperative: means a limited cooperative association or an entity organized under any cooperative law of any jurisdiction. See Kentucky Statutes 272A.1-020
- Member: means a person that is admitted as a patron member or investor member, or both, in a limited cooperative association. See Kentucky Statutes 272A.1-020
(2) Authorizing the association to act for the person in any manner with respect to the products, commodities, or goods.
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 160, sec. 50, effective July 12, 2012.