Maine Statutes

§ 35-A §3732 — Articles of incorporation

Maine·Title 35-A PUBLIC UTILITIES·Part 3 ELECTRIC POWER·Ch. 37 RURAL ELECTRIFICATION COOPERATIVES
1.Contents of articles. The articles of incorporation of a cooperative shall recite that they are executed pursuant to this chapter and shall state:
2.Articles not inconsistent with this chapter. The articles of incorporation may contain any provisions not inconsistent with this chapter determined necessary or advisable for the conduct of its business.
3.Articles signed by incorporators. The articles shall be signed by each incorporator and acknowledged by at least 2 of the incorporators, or on their behalf, if they are cooperatives.
4.Purpose and corporate powers. It is not necessary to recite in the articles of incorporation of a cooperative the purpose for which it is organized or any of its corporate powers.

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Legislative History

PL 1987, c. 141, §A6 (NEW).

Nearby Sections

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