Official Code of Georgia Annotated

Title 2. AGRICULTURE · Chapter 10. MARKETING FACILITIES, ORGANIZATIONS, AND PROGRAMS · Article 3. COOPERATIVE MARKETING ASSOCIATIONS

2-10-106. Distribution of excess income, reserves, or surpluses.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Net income of a cooperative association organized under this article, in excess of additions to reserves, surpluses, and other authorized deductions, may be distributed to members and to nonmember patrons on the basis of patronage. Any distribution of reserves or surpluses at any time shall be made to members at the time distribution is ordered and to other persons entitled thereto on the basis of patronage.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Ga. L. 1939, p. 350, § 5; Code 1933, § 65-231, enacted by Ga. L. 1973, p. 835, § 2.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t1-t2-t3-(v3)-2019-pdf.pdf, Volume V3, 2019 edition, page 502; merge action: carried; file SHA-256 206dab95f27a.