(a)The organizers shall prepare the articles, which shall
include:
(i)The name of the cooperative;
(ii)The purpose of the cooperative;
(iii)The principal place of business for the
cooperative and the name and address of its registered agent in
this state;
(iv)The period of duration for the cooperative, if
the duration is not to be perpetual;
(v)The capital structure of the cooperative
including a statement of the classes and relative rights,
preferences, and restrictions granted to or imposed upon each
class of member interests, the rights to share in profits or
distributions of the cooperative, and the authority to issue
member interests, which may be designated to be determined by
the board;
(vi)A provision designating the voting and
governance rights, including which membership i
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(a) The organizers shall prepare the articles, which shall
include:
(i) The name of the cooperative;
(ii) The purpose of the cooperative;
(iii) The principal place of business for the
cooperative and the name and address of its registered agent in
this state;
(iv) The period of duration for the cooperative, if
the duration is not to be perpetual;
(v) The capital structure of the cooperative
including a statement of the classes and relative rights,
preferences, and restrictions granted to or imposed upon each
class of member interests, the rights to share in profits or
distributions of the cooperative, and the authority to issue
member interests, which may be designated to be determined by
the board;
(vi) A provision designating the voting and
governance rights, including which membership interests have
voting power and any limitations or restrictions on the voting
power, which shall be in accordance with the provisions of this
article;
(vii) A statement that patron membership interests
with voting power shall be restricted to one (1) vote for each
member regardless of the amount of patron membership interests
held in the affairs of the cooperative or a statement describing
the allocation of voting power allocated as prescribed in this
article;
(viii) A statement that membership interests held by
a member are transferable only with the approval of the board or
as provided in the bylaws;
(ix) The names, post office addresses, and terms of
office of the directors of the first board;
(x) A statement as to how profits and losses will be
allocated and cash will be distributed between patron membership
interests collectively and nonpatron membership interests
collectively, a statement that net income allocated to a patron
membership interests as determined by the board in excess of
dividends and additions to reserves shall be distributed on the
basis of patronage, and that the records of the cooperative
shall include the interests of patron membership interests and
nonpatron membership interests which may be further described in
the bylaws, of any classes, and in the reserves; and
(xi) The registered address of the cooperative.
(b) The articles shall contain the provisions in
subsection (a) of this section, except that the names, post
office addresses of the directors of the first board may be
omitted after their successors have been elected by the members
or the articles are amended in their entirety.
(c) The articles may contain any other lawful provision.
(d) The articles shall be signed by the organizers.
(e) The original articles shall be filed with the
secretary of state. The fee for filing the articles with the
secretary of state shall be subject to the provisions of W.S.