SB 306: "An Act relating to an antitrust exemption for persons engaged in the fishing industry."
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 AS 45.50.572(c) is repealed and reenacted to read: 05 (c) AS 45.50.562 - 45.50.596 do not forbid persons engaged in the fishing 06 industry as fishermen who catch, collect, or cultivate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.