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CANON · REGULATION / US-CAPPER-VOLSTEAD

Capper-Volstead Agricultural Cooperative Exemption

DefinedTerm · Legislation

The Capper-Volstead Act (7 U.S.C. §§ 291–292) grants agricultural producers who join cooperatives an exemption from antitrust liability under the Sherman Act when collectively processing, preparing, handling, or marketing their products. Qualifications: the cooperative must be operated for the mutual benefit of members, each member has one vote or dividends on capital stock are limited to 8% per annum, and the cooperative does not deal in non-member products to an amount greater than member-sourced products. Enforced by USDA.

TERM CODE
us-capper-volstead
LEGISLATION IDENTIFIER
Capper-Volstead Act (1922)
LEGISLATION JURISDICTION
United States / California
LEGISLATION LEGAL FORCE
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