Cooperative

Cooperative means an entity that is legally chartered by the 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 returns of residual earnings paid to such members on the basis of patronage.

Source

7 CFR § 5001.3

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Scoping language

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

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