§ 272a-7-020

272A.7 -020 Marketing contracts -- Title and enforcement. (1) If a marketing contract provides for the sale of products, commodities, or goods to a limited cooperative association, the sale transfers title to the association upon delivery or at any other specific time expressly provided by the contract. (2) A marketi ng contract may: (a) Authorize a limited cooperative association to create an enforceable security interest in the products, commodities, or goods delivered; and (b) Allow the association to sell the products, commodities, or goods delivered and pay the sa les price on a pooled or other basis after deducting selling costs, processing costs, overhead, expenses, and other charges. (3) Some or all of the provisions of a marketing contract between a patron member and a limited cooperative association may be cont ained in the organic rules. Effective: July 12, 2012 History: Created 2012 Ky. Acts ch. 160, sec. 51, effective July 12, 2012.