ID H0060

Removes the one-vote-per-member limit for cooperative associations and allows bylaws to establish alternative voting structures.

Adds bylaw requirements for associations to operate for mutual benefit of producer members, limit nonmember product dealings, and either restrict voting based on stock ownership or cap dividends at 8% per annum.

Clarifies that bylaws must prohibit stock transfers to non-producers and require these restrictions be printed on stock certificates.

Revises marketing contract language to allow associations to deduct interest on preferred stock not exceeding 8% per annum and removes language limiting common stock interest deductions to 8% per annum.

Maintains association rights to seek injunctions and specific performance for contract breaches, including temporary restraining orders and preliminary injunctions upon filing verified complaints and sufficient bonds.