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This entry was published on 2014-09-22
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SECTION 13
Articles of incorporation
Rural Electric Cooperative (REL) CHAPTER 77-A, ARTICLE 2
§ 13. Articles of incorporation. Articles of incorporation of a
cooperative shall recite that they are executed pursuant to this chapter
and shall state: (1) the name of the cooperative; (2) the address of its
principal office; (3) the names and addresses of the incorporators; and
(4) the names and addresses of its directors; and may contain any
provisions not inconsistent with this chapter deemed necessary or
advisable for the conduct of its business. Such articles shall be signed
by each incorporator and acknowledged by at least two of the
incorporators, or on their behalf, if they are cooperatives. It shall
not be necessary to recite in the articles of incorporation of a
cooperative the purpose for which it is organized or any of its
corporate powers.