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This entry was published on 2014-09-22
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Purposes for which general cooperative corporations may be formed
Cooperative Corporations (CCO) CHAPTER 77, ARTICLE 2
§ 13. Purposes for which general cooperative corporations may be
formed. A cooperative corporation may be created under this chapter
primarily for mutual help, not conducted for profit, for the purposes of
assisting its members, including other cooperatives with which it is
affiliated, by performing services connected with the purchase,
financing, production, manufacture, warehousing, cultivating,
harvesting, preservation, drying, processing, cleansing, canning,
blending, packing, grading, storing, handling, utilization, shipping,
marketing, merchandising, selling, financing or otherwise disposing of
the agricultural and food products of its members or of any by-products
thereof, including livestock waste or other organic agricultural wastes
and the capture of methane and other gases for the generation and use or
sale of energy, as defined in section 1-103 of the energy law, or
connected with the acquisition for its members of labor, supplies and
articles of common use, including livestock, equipment, machinery, food
products, family or other household and personal supplies, to be used or
consumed by the members, their families or guests, or for carrying on
any other household operation or educational work in home economics and
cooperation by or for its members, or for buying, selling or leasing
homes or farms for its members, or building or conducting housing or
eating places cooperatively, or for furnishing medical expense
indemnity, dental expense indemnity, or hospital services to persons who
become subscribers under contracts with such corporations in the manner
provided in article forty-three of the insurance law, or for the purpose
of organizing agency or credit corporations as provided in article seven
of this chapter, but a corporation so organized as a credit corporation
shall not have power to engage in any other activities. A certificate of
incorporation, which includes the purpose of carrying on educational
work, shall have attached thereto the consent of the commissioner of
education. A worker cooperative may be formed for any lawful business
purpose and may be conducted for profit.