§ 8-1-17-4 — Articles of incorporation

The articles of incorporation shall be entitled
and endorsed "Articles of Incorporation of ____________ (the blank
space to be filled in with the name of the corporation) and shall state:
(1) The name of the cooperative corporation, which shall be such
as to distinguish it from any other corporation, and a statement
whether it is to be a general or a local cooperative corporation.
(2) A statement of the county or counties within which its
operations are to be conducted. If it is a local cooperative
corporation, the rural area or areas in which its operations are to
be conducted shall be further described and limited from time to
time by certificate issued by the commission.
(3) Location of its principal office and post office address.
(4) The maximum number of directors, not less than three (3).
(5) The names and post office addresses of the directors who are
to manage the affairs of the cooperative corporation for the first
year of its existence or until their successors are chosen.
(6) The period, if any, limited for the duration of the cooperative
corporation or a statement that the duration of the cooperative
corporation is to be perpetual.
(7) The terms and conditions upon which members of the
corporation shall be admitted.
(8) The articles of incorporation of a cooperative corporation may
contain also any provision not contrary to law which the
incorporators may desire for the regulation of its business and the
conduct of its affairs; and any provisions creating, defining,
limiting or regulating the powers of the cooperative corporation,
its directors and members.
Formerly: Acts 1951, c.193, s.4. As amended by P.L.119-1987,
SEC.2.