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The term national nonprofit producer-governed organization means an organization that—
(a) Is a nonprofit organization pursuant to section 501(c) (3), (5) or (6) of the Internal Revenue Code (26 U.S.C. 501(c) (3), (5) and (6)); and
(b) Is governed by a Board of directors of agricultural producers representing soybean producers on a national basis;
Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.1220.114 National nonprofit producer-governed organization - last updated October 03, 2022 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-1220-114/
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