A comprehensive, state-by-state review of co-op law will address the challenge of inconsistent legislative framework for cooperative development in the U.S.The State Cooperative Statute Library team has released two new additions to its growing database of co-op law: research on New York’s Cooperative Corporations Law and Wisconsin’s General Cooperative Statutes.
Other statutes with complete or near-complete research include the Georgia Agricultural Statue, the Wisconsin Incorporated and Unincorporated Association statutes, the West Virginia Statute, and the Illinois, Iowa, South Dakota and Virginia General and Agricultural statutes, bringing the state total to 18.
Once complete, the U.S. Department of Agriculture (USDA) Rural Development will host the co-op statute library on a dedicated website—a process currently in the “final approval phase,” according to the team.
The team has also added an additional researcher to the project: John Penry, owner of Penry Consulting LLC, will research Arizona’s co-op statute.
A comprehensive, state-by-state review of co-op law, the State Cooperative Statute Library is expected to address the challenge of inconsistent legislative framework for cooperative development in the U.S. Currently, co-op statutes differ greatly from state to state. Nationwide, both incorporation legislation and enabling legislation are needed to create a legal environment conducive to cooperative growth.
NCBA CLUSA has long advocated for a 50-state approach to cooperative law. The growing database is a critical step forward to identifying core pieces of good co-op law that can be adopted by other states, resulting in clearer and more consistent statutes nationwide.