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A tobacco board of trade shall be organized on every market at which tobacco is offered for sale at auction and each board shall have the objects, purposes, and powers to: promote a more orderly market for the sale of tobacco at auction; prevent market gluts by arranging for a more orderly flow of tobacco through the warehouses; encourage ethical practices in the auction system; support the continuation of the production control program; adopt bylaws or regulations defining voting rights of the tobacco board of trade members; collect dues and initiation fees to cover the operating expenses of the tobacco board of trade; adopt regulations for the conduct of the tobacco market including the allocation of selling time and selling space.
Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXI. Agriculture and Animals § 248.015. Tobacco boards of trade; powers - last updated January 01, 2018 | https://codes.findlaw.com/ky/title-xxi-agriculture-and-animals/ky-rev-st-sect-248-015/
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