Cooperative.

Cooperative. An entity that is legally chartered by a State in which it operates as a cooperatively-operated business, or an entity that is not legally chartered as a cooperative but is owned and operated for the benefit of its members, with the return of residual earnings paid to such members on the basis of patronage.

Source

7 CFR § 4274.302

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Scoping language

The following definitions are applicable to the terms used in this subpart.

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