Enrolled Senate Bill (S)

Co-Authored by

DIGEST

Doing business or marketing as a cooperative. Specifies that certain cooperative entities are not subject to the restrictions of the bill. Provides that it is unlawful for a business entity that is not a cooperative entity to do the following: (1) Use the terms "cooperative", or "co-op", or any derivative of those terms in a business entity name if the use of the term would create a substantial likelihood of misleading the public by implying that the business entity is a cooperative. (2) Advertise or represent the business entity to the public, its customers, or prospective customers as a cooperative Doing business or marketing as a cooperative. Specifies that certain cooperative entities are not subject to the restrictions of the bill. Provides that it is unlawful for a business entity that is not a cooperative entity to do the following: (1) Use the terms "cooperative", or "co-op", or any derivative of those terms in a business entity name if the use of the term would create a substantial likelihood of misleading the public by implying that the business entity is a cooperative. (2) Advertise or represent the business entity to the public, its customers, or prospective customers as a cooperative or as an entity operating on a cooperative basis. Defines the term "cooperative". Requires the department of agriculture to regulate the use of the terms "cooperative", and "co-op", and any derivative of those terms. Authorizes the use administrative dissolution by the secretary of state to enforce the restrictions on the use of the terms "cooperative", and "co-op", and any derivative of those terms. ... View more