47-15-30. Powers of cooperatives--Contracts--Encumbrances.
54 words·~1 min read·
/sd/title-47/chapter-47-15/47-15-30A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Unless otherwise provided by its articles, a cooperative may
(1)Make contracts, incur liabilities, and borrow money;
(2)Issue certificates representing indebtedness, or representing equity interests in its assets;
(3)Acquire property;
(4)Dispose of, mortgage, pledge, lease, or otherwise use in any manner any of its property, or any interest therein, wherever situated.