Operating on nonprofit basis

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    (a)    (1)    A cooperative may operate as an agent to sell the products of its members or nonmember patrons on a nonprofit basis by contracting to pay the members or nonmember patrons the resale price for products sold by them to or through the cooperative, less a uniform charge to cover the expenses involved in the handling of these products.

        (2)    The resale price shall be:

            (i)    The actual resale price; or

            (ii)    A price based on the average price during any period for products of the same type and quality.

        (3)    The uniform charge for expenses shall be:

            (i)    Specified in the contract;

            (ii)    Made otherwise ascertainable; or

            (iii)    Left for determination by the directors.

    (b)    A cooperative desiring to purchase goods or obtain or perform services under this subtitle may operate on a nonprofit basis in a manner similar to that described in this section.


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