Texas Agriculture Code

§ 52.016 — MARKETING CONTRACT

AG § 52.016Title 4. AGRICULTURAL ORGANIZATIONS · Ch. 52. COOPERATIVE MARKETING ASSOCIATIONS · Art. B. PURPOSE AND POWERS

Statute text

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(a)A marketing association may execute a marketing contract with its members requiring the members to sell, for a period not exceeding 10 years, all or a specified part of their agricultural products or specified commodities exclusively to or through the association or any facilities to be created by the association.

(b)The contract may provide that the association may:

(1)sell or resell its members' products with or without taking title to the products; and

(2)pay to its members the resale price less necessary expenses.

(c)The expenses that may be deducted from the resale price under Subsection (b) of this section include:

(1)sales, overhead, and other expenses;

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Legislative history

Acts 1981, 67th Leg., p. 1105, ch. 388, Sec. 1, eff. Sept. 1, 1981.