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cooperative :: legal definition


Cooperative - n. an association of individual businesses, farmers, ranchers or manufacturers with similar interests, intending to cooperate in marketing, shipping and related activities (sometimes under a single brand name) to sell their products efficiently, and then share the profits based on the production, capital or effort of each. "Sunkist" oranges is an example of a large cooperative. Cooperatives include dairy milk producers, cotton gins and thousands of other enterprises of all sizes. There are also cooperatives in which consumers form retail outlets like grocery stores and share the profits based on the amount of patronage of each member, but they have found it difficult to compete with the giant supermarket chains. Some cooperatives exist to operate housing complexes.

See also: cooperative housing and Related Law Terms ↓


Related Law Terms

capital gains :: n. the difference between the sales price and the ... so: basis delayed exchange exchange
common area :: n. in condominium and some cooperative housing pro ... tage of total store space occupied.
cooperative housing :: n. an arrangement in which an association or corpo ... common area condominium cooperative
general partner :: n. 1) usually one of the owners and operators of a ... ted partnership partner partnership
joint custody :: n. in divorce actions, a decision by the court (of ... em. See also: child custody divorce
limited partnership :: n. a special type of partnership which is very com ... mited liability partner partnership
partner :: n. 1) one of the co-owners and investors in a "par ... ner limited partnership partnership
partnership :: n. a business enterprise entered into for profit w ... partnership partner silent partner
royalty :: n. a percentage of gross or net profit or a fixed ... also: copyright infringement patent
securities :: n. generic term for shares of stock, bonds and deb ... ee also: bond debenture share stock

Popular Law Searches

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C.I.F. :: n. the total of cost, insurance and freight charge ... aid on goods purchased and shipped.
calendar :: 1) n. the list of cases to be called for trial bef ... clerk of the court calendars cases.
calendar call :: n. the hearing at which a case is set for trial. ... g at which a case is set for trial.
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cancel :: v. to cross out, annul, destroy, void and/or resci ... g, so that it cannot be used again.
cancellation :: cancel ... cancel
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capital assets :: n. equipment, property, and funds owned by a busin ... . See also: capital capital account
capital expenditure :: n. payment by a business for basic assets such as ... y intended to improve productivity.
capital gains :: n. the difference between the sales price and the ... so: basis delayed exchange exchange
capital investment :: capital expenditure ... capital expenditure
capital offense :: n. any criminal charge which is punishable by the ... . See also: bail capital punishment
capital punishment :: n. execution (death) for a capital offense. The U. ... or death. See also: capital offense
capital stock :: n. the original amount paid by investors into a co ... price. See also: corporation stock
capitalization :: n. 1) the act of counting anticipated earnings and ... for conversion into capital assets.