Missouri Laws 274.060 – Powers of associations
Each association incorporated under this chapter shall have the following powers:
(1) To engage in any activity in connection with the marketing, selling, preserving, harvesting, drying, processing, manufacturing, canning, packing, grading, storing, handling or utilization of any agricultural products produced or delivered to it by its members; the manufacturing or marketing of the by-products thereof; any activity in connection with the purchase, hiring or use by its members of supplies, machinery or equipment; in the financing of any such activities; or in any one or more of the activities specified in this section. The association shall do at least twenty-five percent of its business with its members;
Terms Used In Missouri Laws 274.060
- Agricultural products: includes horticultural, viticultural, forestry, dairy, livestock, poultry, bee or any farm products. See Missouri Laws 274.020
- Association: any corporation organized under this chapter. See Missouri Laws 274.020
- Contract: A legal written agreement that becomes binding when signed.
- following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Member: includes actual members of associations without capital stock. See Missouri Laws 274.020
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
(2) To borrow money without limitation as to amount of corporate indebtedness or liability; and to make advance payments and advances to members;
(3) To act as the agent or representative of any member or members in any of the above-mentioned activities;
(4) To buy, lease, hold and exercise all privileges of ownership, over such real or personal property as may be necessary or convenient for the conduct and operation of any of the business of the association, or incidental thereto;
(5) To establish, secure, own and develop patents, trademarks and copyrights;
(6) To do each and everything necessary, suitable or proper for the accomplishment of any one of the purposes or the attainment of any one or more of the objects herein enumerated; or conducive to or expedient for the interest or benefit of the association; to contract accordingly; and in addition to exercise and possess all powers, rights and privileges necessary or incidental to the purposes for which the association is organized or to the activities in which it is engaged or any other rights, powers, and privileges granted by the laws of this state to ordinary corporations, except such as are inconsistent with the express provisions of this chapter.