274.040. Members — qualifications — proxies — joint associations. — 1. Under the terms and conditions prescribed in the bylaws adopted by it, any association may admit as members, only persons engaged in the production of the agricultural products to be handled by or through the association, including the lessees and tenants of land used for the production of such products and any lessors and landlords who receive as rent all or any part of the crop raised on the leased premises.
2. If a member of a nonprofit cooperative association be other than a natural person, such members may be represented by any individual, associate, officer, manager or member thereof, duly authorized in writing.
3. One association organized hereunder may become a member of any other association or associations organized hereunder.
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(RSMo 1939 § 14337)
Prior revision: 1929 § 12679
---- end of effective 28 Aug 1939 ----
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