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Origins of a Current Conflict? An Examination of Stock-Nonstock Cooperative Law

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  • Suhler, Diane Rizzuto
  • Cook, Michael L.

Abstract

The earliest state cooperative laws in the United States were stock laws modeled upon the Rochdale experience and were adaptations of basic corporate laws of incorporation to the cooperative form of organization. They emphasized stock as the basis of membership and the distribution of profits to members in proportion to patronage. After 1911, the dominant form of cooperative law became the nonstock law. which emphasized service at cost and the personal. fraternal nature of membership in a cooperative. Since 1925. both forms of cooperative law have coexisted. The different emphasis placed on capital stock. profit. and membership in a cooperative by the two different legal structures may be one contributing factor to current dilemmas cooperative leaders face in generating and rewarding equity capital.

Suggested Citation

  • Suhler, Diane Rizzuto & Cook, Michael L., 1993. "Origins of a Current Conflict? An Examination of Stock-Nonstock Cooperative Law," Journal of Agricultural Cooperation, National Council of Farmer Cooperatives, vol. 8, pages 1-9.
    • Handle: RePEc:ags:joagco:46392
    DOI: 10.22004/ag.econ.46392
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    References listed on IDEAS

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    1. Baarda, James R., 1982. "State Incorporation Statutes for Farmer Cooperatives," Cooperative Information Reports (CIR) 313521, United States Department of Agriculture, Rural Development.
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    Cited by:

    1. Keith Taylor, 2015. "Learning from the Co-operative Institutional Model: How to Enhance Organizational Robustness of Third Sector Organizations with More Pluralistic Forms of Governance," Administrative Sciences, MDPI, vol. 5(3), pages 1-17, August.
    2. Cook, Michael L., 1994. "The Role of Management Behavior in Agricultural Cooperatives," Journal of Agricultural Cooperation, National Council of Farmer Cooperatives, vol. 9, pages 1-17.

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