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Committee hears cleanup to cooperative statutes to clarify for-profit and out-of-state co-ops
Summary
Senate Bill 200 would amend cooperative statutes to clarify use of the term "co-op," allow both for‑profit and not‑for‑profit cooperatives in certain chapters, and address registration for out‑of‑state cooperatives; proponents included the Montana Council of Cooperatives and Montana Electric Cooperatives Association.
Sen. Gillespie presented Senate Bill 200 as a statutory cleanup to clarify how cooperatives are treated in Montana law and to address confusion about out‑of‑state and for‑profit vs. nonprofit status.
Tracy McIntyre, director of the Montana Council of Cooperatives, told the committee the bill "clarifies and updates the cooperative…
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