Texas § AG.52.016 - MARKETING CONTRACT
Full text of Texas The Texas Constitution § AG.52.016 — MARKETING CONTRACT, with citation guidance and answers to common questions.
§ AG.52.016. MARKETING CONTRACT
MARKETING CONTRACT. (a) A marketing association may execute a marketing contract with its members requiring the members to sell, for a period not exceeding 10 years, all or a specified part of their agricultural products or specified commodities exclusively to or through the association or any facilities to be created by the association. (b) The contract may provide that the association may: (1) sell or resell its members' products with or without taking title to the products; and (2) pay to its members the resale price less necessary expenses. (c) The expenses that may be deducted from the resale price under Subsection (b) of this section include: (1) sales, overhead, and other expenses; (2) interest on preferred stock, not exceeding eight percent a year; (3) interest on common stock, not exceeding eight percent a year; and (4) reserves, including reserves for redeeming any stock issued. (d) A marketing association's bylaws and marketing contract may: (1) fix as liquidated damages specific amounts to be paid by a member if the member breaches the marketing contract regarding the sale, delivery, or withholding of products; and (2) provide that the member will pay all costs, premiums for bonds, expenses, and fees if the association brings an action on the contract. Acts 1981, 67th Leg., p. 1105, ch. 388, Sec. 1, eff. Sept. 1, 1981. SUBCHAPTER C. INCORPORATION
Frequently Asked Questions About Texas § AG.52.016
What does The Texas Constitution § AG.52.016 cover?
Section AG.52.016 ("MARKETING CONTRACT") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § AG.52.016?
A common citation format is "The Texas Constitution § AG.52.016" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § AG.52.016 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.