Under the terms and conditions prescribed in its bylaws an association may admit as members or issue common stock only to persons engaged in the production of the agricultural products to be handled by or through the association, including the lessees and tenants of land used for the production of such products and any lessors and landlords who receive as rent part of the crop raised on the leased premises.
HISTORY: 1962 Code Section 12-931; 1952 Code Section 12-931; 1942 Code Section 6505; 1932 Code Section 6505; Civ. C. '22 Section 3409; 1921 (32) 339.