Kansas Statutes 17-1606. Members or stockholders
Terms Used In Kansas Statutes 17-1606
- Agricultural products: shall include horticultural, viticultural, forestry, dairy, livestock, poultry, bee, and farm and ranch products. See Kansas Statutes 17-1602
- Association: means any corporation organized under this act. See Kansas Statutes 17-1602
- Cooperative: means any association organized under this act, a cooperative association organized under the laws of any other state, any other association or corporation qualifying as a "farmer's cooperative" within the meaning of section 521 of the federal internal revenue code of 1986, and amendments thereto, or any corporation operating on a cooperative basis within the meaning of section 1381 of the federal internal revenue code of 1986, and amendments thereto. See Kansas Statutes 17-1602
- Member: shall include actual members of associations without capital stock and holders of common stock in associations organized with capital stock. See Kansas Statutes 17-1602
- Person: shall include individuals, firms, trusts, partnerships, corporations and associations. See Kansas Statutes 17-1602
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
- Trustee: A person or institution holding and administering property in trust.
(a) Under the terms and conditions in the association‘s bylaws, an association may admit as members, or issue voting common stock only to persons engaged in the production of agricultural products including the lessees and tenants of lands used for the production of such products and any lessors and landlords who receive as rent part of the crop raised on the leased premises, and may admit as a participating nonmember, participant or associate member, without power to vote, any person regardless of occupation.
(b) If a stockholder or member of a nonstock association be other than a natural person, such stockholder or member may be represented by an individual, associate, officer, trustee or member thereof, duly authorized in writing.
(c) Any agricultural cooperative association or farm organization, whether organized under the laws of this state or any other state, may become a member or stockholder of any association or associations organized under this act.