There Is a Newer Version
of
the Georgia Code
2006 Georgia Code - 2-10-99
2-10-99. An association may organize, form, operate, own,
control, have an interest in, own stock of, or be a member of any
other corporation or corporations, with or without capital stock,
which are engaged in preserving, drying, processing, canning,
packing, storing, handling, shipping, ginning, utilizing,
manufacturing, marketing, or selling the agricultural products or
by-products handled by the association. If such corporations are
warehousing corporations, they may issue legal warehouse receipts
to the association or to any other person. Such legal warehouse
receipts shall be considered to be adequate collateral to the
extent of the current value of the commodity represented thereby.
If such warehouse is licensed or licensed and bonded under the laws
of this state or the United States, its warehouse receipts shall
not be challenged or discriminated against because of ownership or
control, whether complete or partial, by the association.
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