Alaska Statutes (Last Updated: January 11, 2017) |
Title 10. CORPORATIONS AND ASSOCIATIONS. |
Chapter 10.15. ALASKA COOPERATIVE CORPORATION ACT. |
Article 10.15.01. SUBSTANTIVE PROVISIONS. |
Section 10.15.285. Manner of apportionment and distribution.
Latest version.
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(a) Apportionment and distribution of net proceeds or savings or net losses may be separately determined for and be based upon patronage of single or multiple pools, particular departments of the cooperative, or as to particular commodities, supplies or services, or upon classification of patronage according to the type of patronage.
(b) A cooperative may provide in its bylaws the minimum amount of a single patronage transaction to be taken into account for the purpose of participation in allocation and distribution of net proceeds or savings or net losses under AS 10.15.275 - 10.15.290.
Notes
History
(Sec. 33(3) - (4) ch 107 SLA 1959)