Title 7

SECTION 1220.114

1220.114 National nonprofit producer-governed organization.

§ 1220.114 National nonprofit producer-governed organization.

The term national nonprofit producer-governed organization means an organization that -

(a) Is a nonprofit organization pursuant to section 501(c) (3), (5) or (6) of the Internal Revenue Code (26 U.S.C. 501(c) (3), (5) and (6)); and

(b) Is governed by a Board of directors of agricultural producers representing soybean producers on a national basis;