498.4 - ARTICLES -- PERSONAL LIABILITY.
498.4 ARTICLES -- PERSONAL LIABILITY. They shall sign and acknowledge written articles, which shall contain the name of the association and the names and residences of the incorporators. Such articles shall also contain a statement of the purposes of the association, the amount of the membership fee, and shall designate the city or village where its principal place of business shall be located, and the manner in which such articles may be amended, and any limitation which the members propose to place upon their personal liability for the debts of the association.
Section History: Early Form [C24, 27, 31, 35, 39, § 8488; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 498.4]