Definition from Nolo’s Plain-English Law Dictionary
An association of individuals, businesses, farmers, ranchers, or manufacturers who cooperate in marketing, shipping, and related activities (sometimes under a single brand name) to sell their products efficiently, and then share the profits based on the production, capital, or effort of each. Cooperatives are democratically owned and operated.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:13 pm