Guam § 13116 - Marketing of Products.

§ 13116. Marketing of Products.

The association and its members may make and execute marketing

contracts, requiring the members to sell, for any period of time, not over

fifteen (15) years, all or any specified part of their products or specified

commodities exclusively to or through the association, or any facilities

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 recorded liens, to the association upon delivery, or

at any other specified time if expressly and definitely agreed in the said con-

tract. The contract may provide 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 on

preferred stock, not exceeding eight percent (8%) per annum, and reserves

for retiring the stock, if any; and other proper reserves; and interest not

exceeding eight percent (8%) per annum on common stock.