501A.501 - ORGANIZATIONAL PURPOSE.

        501A.501  ORGANIZATIONAL PURPOSE.         A cooperative may be formed and organized for any lawful purpose      for the benefit of its members, including but not limited to any of      the following purposes:         1.  To store or market agricultural commodities, including crops      and livestock.         2.  To market, process, or otherwise change the form or      marketability of agricultural commodities.  The cooperative may      provide for the manufacturing or processing of those commodities into      products.         3.  To accomplish other purposes that are necessary or convenient      to facilitate the production or marketing of agricultural commodities      or agricultural products by patron members, other patrons, and other      persons, and for other purposes that are related to the business of      the cooperative.         4.  To provide products, supplies, and services to its patron      members, other patrons, and others.         5.  For any other purpose that a cooperative is authorized by law      under chapter 499 or 501.  
         Section History: Recent Form
         2005 Acts, ch 135, §25         Referred to in § 501A.601