Formation of Limited Cooperative Association; Articles of Organization

(a)One

(1)or more persons may act as organizers to form a limited cooperative association by delivering to the Director of Revenue and Taxation for filing articles of organization.

(b)The articles of organization must state:

(1)the name of the limited cooperative association, which must comply with § 17113;

(2)the purposes for which the association is formed;

(3)the street and mailing addresses in this state of the initial registered agent;

(4)the street and mailing addresses of the initial principal office;

(5)the name and street and mailing addresses of each organizer; and

(6)the term for which the association is to exist if other than perpetual.

(c)The articles of organization may contain any other provisions in addition to those required by Subsection

(b)of this Section and § 17109.

(d)A limited cooperative association is formed after articles of organization that comply with Subsection

(b)and Subsection

(c)of this Section are delivered to the Director, are filed, and become effective under § 17205.