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15 U.S.C. § 13b — Cooperative association; return of net earnings or surplus
submitted 90 years ago by ch. 592 to r/title-15-COMMERCE-AND-TRADE · 46 words · no verdicts yet
in plain englishAI-generated · not legal advice
This law doesn't stop a cooperative association from giving its members, producers, or customers back part or all of its trading profits or surplus, based on how much business each did with the association.
This section protects cooperative associations' profit-sharing practices. Nothing in this Act stops a cooperative association from returning to its members, producers, or consumers all or part of the net earnings or surplus that came from its trading operations. That money must be returned in proportion to how much each person bought from, sold to, or sold through the association.
the actual law source: uscode.house.gov ↗public domain
Nothing in this Act shall prevent a cooperative association from returning to its members, producers, or consumers the whole, or any part of, the net earnings or surplus resulting from its trading operations, in proportion to their purchases or sales from, to, or through the association.
Source credit: (June 19, 1936, ch. 592, § 4, 49 Stat. 1528.)
history & why it existsrecord from the source credit
- 1936Enacted · Act of June 19, 1936, ch. 592 · 49 Stat. 1528
A history note hasn’t been published yet. The record shows enactment by ch. 592 on 1936-06-19.
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