Section 5-608 - Articles of incorporation.
§ 5-608. Articles of incorporation.
(a) Required provisions.- The articles of incorporation of a cooperative shall contain:
(1) The name of the cooperative;
(2) The address of the principal office of the cooperative;
(3) The name and address of the resident agent of the cooperative;
(4) The name and address of each incorporator;
(5) The name and address of each director; and
(6) A statement that the articles are executed in accordance with this subtitle.
(b) Permissible provisions.- The articles of incorporation of a cooperative may contain any provision that:
(1) Is consistent with this subtitle; and
(2) Is considered necessary or advisable for the conduct of the business of the cooperative.
(c) Unnecessary provisions.- The articles of incorporation need not state the purpose for which the cooperative is organized or any of its corporate powers.
(d) Execution of articles.- The articles of incorporation shall be signed by each incorporator and acknowledged by at least two of the incorporators, or on their behalf, if they are cooperatives.
[2002, ch. 135, § 3.]