35-18-203. Articles of incorporation. (1) The articles of incorporation of a cooperative shall recite in the caption that they are executed pursuant to this chapter, shall be signed by each of the incorporators, and shall state:
     (a) the name of the cooperative;
     (b) the address of its principal office;
     (c) the names and addresses of the incorporators;
     (d) the names and addresses of the persons who shall constitute its first board of trustees; and
     (e) any provisions not inconsistent with this chapter deemed necessary or advisable for the conduct of its business and affairs.
     (2) In addition to provisions required in subsection (1), the articles of incorporation may also contain provisions not inconsistent with law regarding liability as set forth in 35-1-216.
     (3) Such articles of incorporation shall be submitted to the secretary of state for filing as provided in this chapter.
     (4) It shall not be necessary to set forth in the articles of incorporation of a cooperative the purpose for which it is organized or any of the corporate powers vested in a cooperative under this chapter.

     History: En. Sec. 6, Ch. 172, L. 1939; R.C.M. 1947, 14-506; amd. Sec. 40, Ch. 174, L. 1983; amd. Sec. 6, Ch. 559, L. 1987; amd. Sec. 211, Ch. 368, L. 1991.