§ 112. Incorporation. Five or more producers of agricultural products
may form a cooperative agricultural corporation with or without capital
stock, under this article. If the principal activities of such a
corporation are connected with the marketing, processing, manufacture,
sale or other dispositions of agricultural products, agricultural waste
product, or agricultural compost including the capture of methane and
other gases for the generation and use or sale of energy, as defined in
section 1-103 of the energy law, it may be termed a cooperative
marketing corporation and incorporated as such. If its principal
activities relate to the purchase of supplies for producers of
agricultural products, it may be termed a cooperative purchasing
association and incorporated as such, but in either case such a
corporation may engage in both such lines of activity. Nothing in this
section or article shall be deemed to prohibit the incorporation of a
cooperative corporation under article two of this chapter or affect the
existing powers of any existing cooperative corporation not within
section one hundred eleven of this article.