CORPORATIONS 997

of the same type and quality; the uniform charge for expense to be speci-
fied in the contract or made otherwise ascertainable or left for determina-
tion by directors.

(b) Associations desiring to purchase goods or obtain services, within
the purposes designated in this sub-title may organize under the provisions
of this sub-title. Such associations may adopt a non-profit basis in a man-
ner, as far as applicable, similar to that described in sub-section (a) of this
section.

An. Code, 1924, sec. 442. 1922, ch. 197, sec. 492.

454. Every association organized under this sub-title shall annually
on or before the fifteenth day of March make a report in duplicate to the
State Tax Commission; such report shall contain the name of the associa-
tion, its principal office and generally a statement as to its business, show-
ing total amount of business transacted during the year, amount of capital
stock subscribed for and paid in, the authorized rate of dividends on the
paid-up capital stock, number of stockholders, total expenses of operation,
amount of indebtedness or liabilities, and profits and losses. The State Tax
Commission shall transmit one copy of such report to the State Board of
Agriculture.

An. Code, 1924, sec. 443. 1922, ch. 197, sec. 493.

455. Any corporation organized under the General Corporation Law of
this State, if such corporation is doing business upon a co-operative basis,
as defined in section 430 (b) of this Article may convert itself into a co-
operative association under this sub-title, by a majority vote of its mem-
bers at any regular or special meeting legally called. The president and
secretary of said association, within thirty days after said meeting, shall
file with the State Tax Commission a declaration, signed and sworn to by
said officers, to the effect that said corporation has by a majority vote of its
members decided to convert itself into a co-operative association under this
sub-title. The recording fees, their disposition and the disposition of the
declaration shall be the same as for an original article of incorporation.

An. Code, 1924, sec. 444. 1922, ch. 197, sec. 494.

456. The General Corporation Law of this State shall apply to all
associations organized under this sub-title except where said general Cor-
poration Law expressly exempts such associations or where the provisions,
of said General Corporation Law are opposed to or inconsistent with the
provisions of this sub-title.

An. Code, 1924, sec. 445. 1922, ch. 197, sec. 495.

457. No association organized under this sub-title shall be deemed to be
a combination in restraint of trade or an illegal monopoly; or an attempt to
lessen competition or fix prices arbitrarily, nor shall the marketing con-
tracts or agreements authorized in this sub-title be considered illegal or in
restraint of trade.

An. Code, 1924, sec. 446. 1922, ch. 197, sec. 496. 1927, ch. 648.

458. (a) No person, partnership, corporation or association hereafter
organized in this State shall be entitled to use the term, "co-operative" as
a part of its corporate or other business name or title unless it has com-