(805 ILCS 315/18) (from Ch. 32, par. 457)
Sec. 18.
The association and its members may make and execute marketing
contracts, requiring the members to sell, for any period of time, 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 landlords' liens and recorded liens, to the
association upon delivery; or at any other specified time if expressly and
definitely agreed in the said 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 (8) per cent per annum, and
reserves for retiring the stock, if any; and other proper reserves; and or
any other deductions.
(Source: Laws 1923, p. 286.)
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