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272A.7-020 Marketing contracts -- Title and enforcement.

KY Rev Stat § 272A.7-020 (2019) (N/A)
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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 marketing 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 sales 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 contained in the organic rules. Effective: July 12, 2012 History: Created 2012 Ky. Acts ch. 160, sec. 51, effective July 12, 2012.

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272A.7-010 Definition of marketing contract.
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272A.7-030 Duration of marketing contracts.