WVC 19 - 4 - 16
§19-4-16. Marketing contract.
The association and its members may take and execute
marketing contracts, requiring the members to sell, for any
period of time, not over twenty years, all or any specified part
of their agricultural products or specified commodities
exclusively to or through the association, or any facilities to
be created by the association. If they contract a sale to the
association, it shall be conclusively held that title to the
products passes absolutely and unreservedly, except for recorded
liens, to the association upon delivery, or at any other
specified time if expressly and definitely agreed in such
contract. The contract may provide, among other things, that the
association may sell or resell the products delivered by its
members, with or without taking title thereto, and pay over to
its members the resale price, after deducting all necessary
selling, overhead and other costs and expenses, including
interest or dividends on stock, not exceeding eight percent per
annum, and reserves for retiring the stock, if any; and any other
proper reserves; or any other deductions.
Note: WV Code updated with legislation passed through the 2014 1st Special Session
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