Pig Pro Nonstock Cooperative v. Moore

The Nebraska Constitution restricts corporate ownership of farm and ranch land but excepts “non-profit corporations” from those restrictions. The issue of first impression before us in this case is whether a corporation formed pursuant to Nebraska’s Nonstock Cooperative Marketing Act, Neb. Rev. Stat. § 21-1401 et seq. (Reissue 1991 & Cum. Supp. 1996), falls within this exception. Based upon our independent review of this issue of law, we conclude that a nonstock cooperative corporation is not a “non-profit corporation” as that term is used in article XII, § 8(1)(B), of the Nebraska…