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501.202 Articles of incorporation.

1. The initial articles must set forth all of the following:

a. The name, address, and occupation of each incorporator.

b. The names and addresses of the initial directors.

c. The street address of the cooperative's initial registered office and the name of its initial registered agent at that office.

2. The articles must set forth all of the following:

a. The name that satisfies the requirements of section 501.104.

b. A statement that it is organized under this chapter.

c. Its duration, which may be perpetual.

d. The classes of stock and the authorized number of shares of each class.

e. The quorum required for each member meeting.

f. The member voting rules.

3. The articles may set forth any other provision consistent with law.

Section History: Recent form

96 Acts, ch 1010, §12

Internal References

Referred to in § 501.203

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Last update: Mon Jan 27 16:05:08 CST 1997
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