2014 Vermont Statutes
Title 11 - Corporations, Partnerships and Associations
Chapter 7 - COOPERATIVES
Subchapter 2: THE COOPERATIVE MARKETING ACT
§ 991 Definitions

§ 991. Definitions

In this subchapter, unless the context or subject matter otherwise requires:

(1) "Agricultural products" includes horticultural, viticultural, forestry, dairy, livestock, poultry, bee and any farm products;

(2) "Association" means any corporation organized under this chapter;

(3) "Associations" organized hereunder means nonprofit associations;

(4) "Consumers' cooperative" means a corporation organized under this chapter for the acquisition and distribution for the benefit of ultimate consumers of property, goods, commodities or services;

(5) "Handcraft product" means any product fashioned primarily by hand with the final form and its characteristics shaped by hand and produced in the home or a small craft center by the artisan or craftsman in a skilled or artistic process rather than in an assembly line technique;

(6) "Marketing cooperative" means a corporation organized under this chapter for the marketing of agricultural or handcraft products;

(7) "Member" includes actual members of associations without capital stock and holders of common stock in associations organized with capital stock;

(8) "Person" includes individuals, firms, partnerships, corporations and associations;

(9) "Railroad cooperative" means any corporation organized under this chapter for the organization, acquisition and operation of a general transportation business by railroad, including truck, bus, air and water transportation subsidiaries of the railroad. (Amended 1973, No. 90, § 1.)