7 CFR 1425.8
§ 1425.8 Ownership and control.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 1425.8, § 1425.8 Ownership and control, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/25745
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Full text
(a) CMA's must be owned and controlled by active members of the CMA.
(b) The CMA must provide evidence that:
(1) Active members own more than 50 percent of its allocated equity; and
(2) A majority of directors are active members of the CMA or authorized representatives of active members.
(c) An applicant cooperative or a CMA, not under the ownership or control, of its active members, may be approved by CCC if it is able to establish that, by retiring the equity of its inactive members or by obtaining new members, it can vest ownership and control in its active members, as required by this section, by a date specified by CCC.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.