10-06.1-08. Cooperative corporations allowed to engage in the business of farming or ranching - Requirements

10-06.1-08. Cooperative corporations allowed to engage in the business of farming or ranching - Requirements. This chapter does not prohibit cooperative corporations, seventy-five percent of whose members or shareholders are actual farmers or ranchers residing on farms or ranches or depending principally on farming or ranching for their livelihood, from acquiring farmland or ranchland and engaging in the business of cooperative farming or ranching.