Yakima Valley Grape Producers.

The Yakima Valley Grape Producers was established in 1934 as the Yakima Valley Grape Growers Association, a non-profit corporation, to sell the products of the members through the Association and its manager.

In 1949 the association was reorganized so that stock could be issued under new state non-profit corporation statutes. At this time all grower equities in the form of certificates of indebtedness in the Yakima Valley Grape Growers Association were exchanged for stock certificates in the Valley Grape Growers Association. Each member stockholder was permitted one vote only, regardless of the amount of Class A Common Voting Stock owned. A grower was required to own one share of Class A Common Voting Stock if he annually delivered 15 or more tons of grapes to the Association. While non-growers were permitted to hold stock they were not accorded voting privileges. This transfer of equity took place between 1949 and 1959.

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2016-08-16 07:08:48 pm

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