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MS HB914

Bill

Status

Passed

4/23/2014

Primary Sponsor

Bobby Howell

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Allows cooperative marketing associations to buy, sell, and deal in agricultural products from nonmembers up to an amount equal in value to products handled for members.

  • Removes the 99-year limitation on how long an association may exist, allowing perpetual existence if desired.

  • Requires amendments to articles of association to be approved by two-thirds vote of the board of directors and then by majority vote of association members, with a process for recessing meetings and republishing notices if quorum is not met.

  • Requires the board of directors to elect a chairman or board president and a chief operating officer in addition to other officers.

  • Increases the filing fee for articles of association to $50 and eliminates the separate $10 fee for filing amendments to articles.

Legislative Description

Agricultural cooperative marketing associations; revise various provisions relating to articles of association for.

Last Action

Approved by Governor

4/23/2014

Committee Referrals

Agriculture2/14/2014
Agriculture1/20/2014

Full Bill Text

No bill text available