resources / Statutes / Nonprofit Corporations / §10-2012
Title 10 – Corporations and Associations
Chapter 19 – Not for Profit Corporations and associations, Cooperatives and Fraternal and Benevolent societies
Article 1 – Cooperative Marketing associations
- The directors shall elect from their number a president and one or more vice-presidents, and a secretary and treasurer, who need not be members. The offices of secretary and treasurer may be combined. The funds of the association shall be deposited only as authorized by the board.