47-21-7. Articles of incorporation--Unnecessary recitals--Signing of articles.
102 words·~1 min read·
/sd/title-47/chapter-47-21/47-21-7·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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;
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.
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.