is one that undertakes joint production
whether agricultural or industrial. It is
formed and operated by its members
to undertake the production and
processing of raw materials or goods
produced by its members into finished
or processed products for sale by the
cooperative to its members and
non-members. Any end product or its
derivative arising from the raw
materials produced by its members,
sold in the name and for the account of
the cooperative, shall be deemed a
product of the cooperative and its