351.1015. Articles, contents, filing requirements — formation, when — transaction of business, when.

346 words·~2 min read·/mo/chapter-351/351-1015

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

351.1015. Articles, contents, filing requirements — formation, when — transaction of business, when. — 1.

(1)The articles shall include:

(a)The name of the cooperative;

(b)The purpose of the cooperative, which may be or may include the transaction of any lawful business for which a cooperative may be organized under sections 351.1000 to 351.1228 ;

(c)The name and physical business or residence address of each organizer;

(d)The effective date of the articles if other than the date of filing, provided that such effective date can be no longer than ninety days after the date of filing;

(e)The address, including street and number, of the cooperative's registered office, which address may not be a post office box, and the name of the cooperative's registered agent at such address; and

(f)The period of duration for the cooperative, if not perpetual.

(2)The articles may contain any other lawful provision.

(3)The articles shall be signed by the organizers.

2. The articles shall be filed with the secretary of state. The fee for filing the articles with the secretary of state is one hundred dollars.

3. A cooperative shall be formed when the articles, and appropriate filing fee, are filed with and stamped "Filed" by the secretary of state. In the case of all articles which are accepted and stamped "Filed" by the secretary of state, it shall be presumed that:

(1)All conditions precedent that are required to be performed by the organizer or organizers have been so performed;

(2)The organization of the cooperative has been chartered by the state as a separate legal entity; and

(3)The secretary of state shall issue a certificate of organization to the cooperative.

4. A cooperative shall not transact business prior to formation. A cooperative shall not transact business in this state as an entity under sections 351.1000 to 351.1228 until the articles have been stamped "Filed" by the secretary of state, whether on the date of filing or at a later effective date as specified in the articles.

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(L. 2011 S.B. 366)