Who can own Southern States common stock?
In order to be eligible to purchase Southern States membership stock, you must be a producer of agricultural products for market. This cooperative has been organized under a “one-member”, “one vote” structure. Members own at least one share of common stock. Once a member of Southern States you are entitled to several benefits. Members are entitled to one vote in the Cooperative and are eligible to hold a seat on the Board of Directors. Financial benefits include receiving dividends on the stock and a refund of the cooperative’s earnings if its financial condition permits distribution of such earnings and the Board of Directors declares them to be paid. Your patronage refund is based upon your volume of purchases from the cooperative during the year. What is the difference between Southern States common stock and a Managed Cooperative common stock? Managed Cooperatives are stores that are affiliated with Southern States but owned locally by their respective stockholders and have an inde
