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ID S1199
Bill
AI Summary
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Amends Section 48-107 of Idaho Code to provide agricultural cooperative marketing associations with additional exemptions from Idaho's competition laws.
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Agricultural producers may collectively process, prepare, handle, and market their products through associations if they conform to Chapter 26, Title 22 of Idaho Code or meet alternative requirements including operating for mutual member benefit and limiting nonmember product dealings.
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Alternative compliance requires associations to meet one or both of the following conditions: limit each member to one vote regardless of stock ownership, or cap dividend payments on stock or membership capital at 8% per annum.
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Declares an emergency and provides retroactive application to July 1, 2000.
Legislative Description
Amends existing law to provide additional exempt activities from the Idaho Competition Act if certain conditions occur by Competitive Marketing Associations.
COOPERATIVE MARKETING ASSOCIATIONS
Last Action
Governor signed Session Law Chapter 244 Effective: 07/01/00
4/7/2011