Florida Statute 618.01 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 618
AGRICULTURAL COOPERATIVE MARKETING ASSOCIATIONS

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618.01 Definitions.—In construing this chapter, where the context permits, the word, phrase, or term:

(1) “Agricultural products” shall include aquacultural, horticultural, viticultural, forestry, aquatic, dairy, livestock, poultry, bee, and any farm products.

(2) “Member” shall include actual members of associations without capital stock and holders of common stock in associations organized with capital stock.

(3) “Association” means any corporation organized as a cooperative association, for the mutual benefit of its members either as producers of agricultural products or as nonprofit cooperative organizations of producers of agricultural products, or both, and in which the return on the stock or membership capital is limited to an amount not to exceed 8 percent per annum, and in which during any fiscal year thereof the value of business done with nonmembers shall not exceed the business done with members during the same period.

(4) Associations organized hereunder shall be deemed “nonprofit,” inasmuch as they are not organized to make profit for themselves, as such, or for their members, as such, but only for their members as producers.

History.—s. 2, ch. 9300, 1923; CGL 6467; s. 2, ch. 14675, 1931; s. 1, ch. 74-88; s. 8, ch. 87-367.

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F.S. 618.01 on CourtListener

Amendments to 618.01

Annotations, Discussions, Cases:

Cases Citing Statute 618.01

Total Results: 2

Shinn v. Growers Fertilizer Cooperative

533 So. 2d 1183, 13 Fla. L. Weekly 2553, 1988 Fla. App. LEXIS 5083, 1988 WL 122434

District Court of Appeal of Florida | Filed: Nov 18, 1988 | Docket: 64638639

Published

Annot., 50 A.L.R.3d 435, 442 (1973). See also § 618.01(3), (4), Fla.Stat. (1987). Ordinarily, a cooperative

Paxton Livestock Cooperative Ass'n v. Florida Industrial Commission

104 So. 2d 647

District Court of Appeal of Florida | Filed: Aug 7, 1958 | Docket: 60190661

Published

2d 169; See: 55 C.J.S. Market p. 801. . F.S. § 618.01(3), F.S.A.

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