resources / Statutes / Nonprofit Corporations / §10-2055

Title 10 – Corporations and Associations

Chapter 19 – Not for Profit Corporations and associations, Cooperatives and Fraternal and Benevolent societies

Article 2 – Electric Cooperative Nonprofit Membership Corporations

  • A. Articles of incorporation of a cooperative shall recite that they are executed pursuant to this article and shall state:
    • 1. The name of the cooperative.
    • 2. The address of its principal office.
    • 3. The names and addresses of the incorporators.
    • 4. The names and addresses of its directors.
  • B. The articles may also contain provisions not inconsistent with this article which are deemed necessary or advisable for the conduct of its business.
  • C. The articles shall be executed by an incorporator.
  • D. It is not necessary to recite in the articles of incorporation the purpose for which the cooperative is organized or to recite any of its corporate powers.