TITLE 7
Corporations, Associations, and Partnerships

CHAPTER 7-7
Producers' Cooperatives

SECTION 7-7-5


§ 7-7-5 Associations deemed nonprofit.

Associations organized under this chapter are deemed nonprofit, insofar as they are not organized as to make profits for themselves as such or for their members as such but only for their members as producers.

History of Section.
(P.L. 1928, ch. 1202, § 1; G.L. 1938, ch. 117, § 1; G.L. 1956, § 7-7-5.)