[Code of Federal Regulations]
[Title 26, Volume 7]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.501(c)(16)-1]

[Page 31]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.501(c)(16)-1  Corporations organized to finance crop operations.

    A corporation organized by a farmers' cooperative marketing or 
purchasing association, or the members thereof, for the purpose of 
financing the ordinary crop operations of such members or other 
producers is exempt, provided the marketing or purchasing association is 
exempt under section 521 and the financing corporation is operated in 
conjunction with the marketing or purchasing association. The provisions 
of Sec. 1.521-1 relating to a reserve or surplus and to capital stock 
shall also apply to corporations coming under this section.