§ 521. — Fishing industry; associations authorized; "aquatic products" defined; marketing agencies; requirements.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC521]
TITLE 15--COMMERCE AND TRADE
CHAPTER 13A--FISHING INDUSTRY
Sec. 521. Fishing industry; associations authorized; ``aquatic
products'' defined; marketing agencies; requirements
Persons engaged in the fishery industry, as fishermen, catching,
collecting, or cultivating aquatic products, or as planters of aquatic
products on public or private beds, may act together in associations,
corporate or otherwise, with or without capital stock, in collectively
catching, producing, preparing for market, processing, handling, and
marketing in interstate and foreign commerce, such products of said
persons so engaged.
The term ``aquatic products'' includes all commercial products of
aquatic life in both fresh and salt water, as carried on in the several
States, the District of Columbia, the several Territories of the United
States, the insular possessions, or other places under the jurisdiction
of the United States.
Such associations may have marketing agencies in common, and such
associations and their members may make the necessary contracts and
agreements to effect such purposes: Provided, however, That such
associations are operated for the mutual benefit of the members thereof,
and conform to one or both of the following requirements:
First. That no member of the association is allowed more than one
vote because of the amount of stock or membership capital he may own
therein; or
Second. That the association does not pay dividends on stock or
membership capital in excess of 8 per centum per annum.
and in any case to the following:
Third. That the association shall not deal in the products of
nonmembers to an amount greater in value than such as are handled by it
for members.
(June 25, 1934, ch. 742, Sec. 1, 48 Stat. 1213.)
