---
title: O.C.G.A. § 2-10-99. Ownership in, control of, or membership in other corporations; warehouse receipts.
collection: code
id: 2-10-99
cite_as: O.C.G.A. § 2-10-99 (2025)
canonical_url: https://georgiacommons.org/code/2-10-99
md_url: https://georgiacommons.org/code/2-10-99.md
text_url: https://georgiacommons.org/code/2-10-99/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t1-t2-t3-(v3)-2019-pdf.pdf?sfvrsn=6ea3b7a1_0#page=497
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/2-10.md
previous: https://georgiacommons.org/code/2-10-98.md
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: AGRICULTURE / MARKETING FACILITIES, ORGANIZATIONS, AND PROGRAMS / COOPERATIVE MARKETING ASSOCIATIONS
---

# O.C.G.A. § 2-10-99. Ownership in, control of, or membership in other corporations; warehouse receipts.

An association may organize, form, operate, own, control, have an interest in, own stock of, or be a member of any other corporation or corporations, with or without capital stock, which are engaged in preserving, drying, processing, canning, packing, storing, handling, shipping, ginning, utilizing, manufacturing, marketing, or selling the agricultural products or by-products handled by the association. If such corporations are warehousing corporations, they may issue legal warehouse receipts to the association or to any other person. Such legal warehouse receipts shall be considered to be adequate collateral to the extent of the current value of the commodity represented thereby. If such warehouse is licensed or licensed and bonded under the laws of this state or the United States, its warehouse receipts shall not be challenged or discriminated against because of ownership or control, whether complete or partial, by the association.

## History

Ga. L. 1921, p. 139, § 20; Code 1933, § 65-217.