§ 4-30-108 — Articles of incorporation

(a) The members shall sign and acknowledge written articles of incorporation which shall contain: (1) The name of the cooperative corporation; (2) The name and residences of the persons forming the cooperative corporation; (3) The purpose of the organization; (4) The principal place of business; (5) The amount of capital stock; (6) The number of shares and the par value of each share; (7) The number of directors and the names of those selected for the first term; and (8) The time for which the cooperative corporation is to continue if the cooperative corporation is not of perpetual duration. (b) The original articles of incorporation or a certified copy of them shall be filed with the Secretary of State, who shall return to the cooperative corporation a certified copy of them, with the date of filing and attested with the seal of his or her office. (c) For filing the articles of incorporation and amendments thereto under this subchapter, the same fees shall be paid to the Secretary of State as are now required under the general corporation law.

Legislative History

Amended by Act 2017, No. 748,§ 3, eff. 8/1/2017. Acts 1921, No. 632, §§ 3-5; Pope's Dig., §§ 2264 -- 2266; A.S.A. 1947, §§ 64-1504 -- 64-1506.