In a new ruling, the Service considered the period of historical patronage business that should be used to calculate the gain on a liquidation sale.
Coop was a cooperative within the meaning of Subchapter T. It struggled in …
In a new ruling, the Service considered the period of historical patronage business that should be used to calculate the gain on a liquidation sale.
Coop was a cooperative within the meaning of Subchapter T. It struggled in …
Dakota Energy has filed a lawsuit concerning its potential exit from a wholesale power supplier, East River Electric. Dakota Energy’s concern is that East River’s bylaws require, as a condition to withdrawal, satisfaction of contractual obligations to East River. And …
The Farm Credit Administration has issued an updated informational memorandum for the purposes of providing Farm Credit System institutions with updated guidance on the Paycheck Protection Program. Follow this link for the memorandum:
The memorandum explains,
…Does the
The USDA Rural Development Division and Cooperative Services Branch of the US Department of Agriculture reported that in 2019 co-ops sold $53.2 billion in farm supplies including $18.9 billion in petroleum and energy products (36% of total net farm supplies …
October is National Cooperative Month. The USDA is holding a webinar about the resources available to support cooperative development in rural America, including updates on cooperative development resources, an overview of RD funding opportunities, and information on ownership conversions. To …
Georgia HB 1039 amends O.C.G.A. § 13-12-3 to provide additional protections for consumers who enter into service contracts containing lengthy automatic renewal provisions.
Pre-Existing Requirement: For service contracts with an initial term of twelve months or longer and an automatic …
In a lawsuit brought against a nonprofit, member-owned electric cooperative corporation, the plaintiff-members (“Plaintiffs”) alleged that Southwest Mississippi Electric Cooperative (the “Cooperative”) unlawfully failed to return to its members patronage capital totaling more than $13M.[1] The trial court granted …
Legislation SB 373 was introduced to the Georgia General Assembly in early February 2020. The bill was fashioned after legislation in 2018 that established gross negligence as the standard of care for director or officer actions and decisions in for-profit …