15 U.S.C. § 521 : US Code - Section 521: Fishing industry; associations authorized; "aquatic products" defined; marketing agencies; requirements

Search 15 U.S.C. § 521 : US Code - Section 521: Fishing industry; associations authorized; "aquatic products" defined; marketing agencies; requirements

Persons engaged in the fishery industry, as fishermen, catching,
collecting, or cultivating aquatic products, or as planters of
aquatic products on public or private beds, may act together in
associations, corporate or otherwise, with or without capital
stock, in collectively catching, producing, preparing for market,
processing, handling, and marketing in interstate and foreign
commerce, such products of said persons so engaged.
The term "aquatic products" includes all commercial products of
aquatic life in both fresh and salt water, as carried on in the
several States, the District of Columbia, the several Territories
of the United States, the insular possessions, or other places
under the jurisdiction of the United States.
Such associations may have marketing agencies in common, and such
associations and their members may make the necessary contracts and
agreements to effect such purposes: Provided, however, That such
associations are operated for the mutual benefit of the members
thereof, and conform to one or both of the following requirements:
First. That no member of the association is allowed more than one
vote because of the amount of stock or membership capital he may
own therein; or
Second. That the association does not pay dividends on stock or
membership capital in excess of 8 per centum per annum.
and in any case to the following:
Third. That the association shall not deal in the products of
nonmembers to an amount greater in value than such as are handled
by it for members.