Section 301 – Organizers.

16-16-301. Organizers. A limited cooperative association shall be organized by one or more organizers. Amended by Chapter 378, 2010 General Session

Section 302 – Formation of limited cooperative association — Articles of organization.

16-16-302. Formation of limited cooperative association — Articles of organization. (1) To form a limited cooperative association, an organizer of the association shall deliver articles of organization to the division for filing. The articles shall state: (a) the name of the association; (b) the purposes for which the association is formed; (c) the street address […]

Section 303 – Organization of limited cooperative association.

16-16-303. Organization of limited cooperative association. (1) After a limited cooperative association is formed: (a) if initial directors are named in the articles of organization, the initial directors shall hold an organizational meeting to adopt initial bylaws and carry on any other business necessary or proper to complete the organization of the association; or (b) […]

Section 304 – Bylaws.

16-16-304. Bylaws. (1) Bylaws shall be in a record and, if not stated in the articles of organization, shall include: (a) a statement of the capital structure of the limited cooperative association, including: (i) the classes or other types of members’ interests and relative rights, preferences, and restrictions granted to or imposed upon each class […]