00SENATE BILL NO. 306                                                                                                     
01 "An Act relating to an antitrust exemption for persons engaged in the fishing                                           
02 industry."                                                                                                              
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 45.50.572(c) is repealed and reenacted to read:                                                     
05  (c)  AS 45.50.562 - 45.50.596 do not forbid persons engaged in the fishing                                            
06 industry as fishermen who catch, collect, or cultivate aquatic products from acting                                     
07 together in associations for the purpose of collectively catching, producing, preparing                                 
08 for market, processing, handling, and marketing their product.  Associations may have                                   
09 marketing agencies in common and may make contracts and agreements necessary to                                         
10 achieve the purposes of this subsection.  In this subsection, "association" means an                                    
11 association, corporate or otherwise, with or without capital stock, that                                                
12   (1)  is operated for the mutual benefit of its members;                                                              
13   (2)  does not deal in the aquatic products of nonmembers to an amount                                                
14 greater in value than the association handles for its members; and                                                      

01   (3)  either                                                                                                          
02   (A)  does not allow a member of the association more than one                                                       
03 vote because of the amount of stock or membership capital the member may                                                
04 own in the association; or                                                                                              
05   (B)  does not pay dividends on stock or membership in excess                                                        
06 of eight percent a year.                                                                                                
07    * Sec. 2.  AS 45.50.572 is amended by adding a new subsection to read:                                               
08  (j)  AS 45.50.562 - 45.50.596 do not forbid persons engaged in the fishing                                            
09 industry as fishermen, including fishermen acting through associations allowed under                                    
10 (c) of this section, from collectively agreeing with fish processors, including fish                                    
11 processors acting through associations of processors, on the                                                            
12   (1)  price paid to fishermen for aquatic products; and                                                               
13   (2)  minimum price that fish processors will accept for the sale of                                                  
14 processed aquatic products.