2013 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
CHAPTER 47 - MARKETING COOPERATIVE ASSOCIATIONS
SECTION 33-47-20. Definitions.
As used in this chapter:
(1) The term "agricultural products" shall include horticultural, viticultural, forestry, dairy, livestock, poultry, bee and any other farm products;
(2) The term "member" shall include actual members of associations without capital stock and holders of common stock in associations organized with capital stock; and
(3) The term "association" means any corporation organized under this chapter.
Associations organized hereunder shall be deemed nonprofit, inasmuch as they are not organized to make profit for themselves, as such, or for their members, as such, but only for their members as producers.
HISTORY: 1962 Code Section 12-902; 1952 Code Section 12-902; 1942 Code Section 6500; 1932 Code Section 6500; Civ. C. '22 Section 3404; 1921 (32) 339.
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