§ 1160.114 - Eligible organization.

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Eligible organization means an organization eligible to nominate members of the Board and which meets the following criteria:

Is a nonprofit organization pursuant to section 501(c) (3), (5), or (6) of the Internal Revenue Code (26 U.S.C. 501(c) (3), (5), or (6));

Is governed by a board comprised of a majority of fluid milk processors; and

Represents fluid milk processors on a national basis whose members process more than 50 percent of the fluid milk products processed and marketed within the United States.