There Is a Newer Version
of
the Maine Revised Statutes
2011 Maine Revised Statutes
TITLE 13: CORPORATIONS
Chapter 87: FISH MARKETING ASSOCIATIONS
13 §2283. Sales and resales; payments to members; deductions
Universal Citation:
13 ME Rev Stat § 2283 (2011 through 125th Legis)
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Part 2: CORPORATIONS WITHOUT CAPITAL
Subchapter 7: MARKETING CONTRACTS
§2283. Sales and resales; payments to members; deductions
The contract may provide that the association may sell or resell the fishery products delivered by its members, with or without taking title thereto; and pay over to its members the resale price, after deducting all necessary selling, overhead and other costs and expenses, including interest on preferred stock, not exceeding 8% per annum, and reserves for retiring the stock, if any; and other proper reserves; and interest not exceeding 8% per annum upon common stock.
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