Section 001-60-XIV - Status of an Agricultural Cooperative as a Producer-DealerTo establish entitlement to treatment as a producer-dealer, an agricultural cooperative must file with the Pool Administrator documentary evidence satisfactory to him demonstrating that
(1) it is comprised solely of dairy farmers;(2) it wholly owns and operates its processing facilities; and(3) each individual member's share of that ownership is in direct proportion to the members share of all milk produced by all members for the cooperative. "Share of ownership" may include common and preferred stock, or other evidence of ownership, and cash distributions.01-001 C.M.R. ch. 60, § XIV