501A.505  Existence.
  1.  Commencement.  The existence of a cooperative shall commence on or after the filing of articles of organization as provided in section 501A.503.
  2.  Duration.  A cooperative shall have a perpetual duration unless the cooperative provides for a limited period of duration in the articles or the cooperative is dissolved as provided in subchapter XII.
2005 Acts, ch 135, §29