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<p>Preface
A cooperative is a business. As such, it must operate in
a manner compatible with all the laws that apply to a business,
with cooperative principles, and with the needs and desires of
its member-patrons in mind.
To comply with each of these limitations on its opera-
tions, a cooperative must have a set of organizational documents
that is uniquely crafted to its particular situation. Drafting new,
and updating old, legal documents of cooperatives takes both
time and expertise. This report is intended to assist persons
organizing new cooperatives, managers and directors of existing
cooperatives, and their professional advisers to develop and
update the important legal documents of cooperatives. It
explains issues to be considered and options that are available.
It provides sample language to be used as a starting point; the
wording is not to be copied without review and thought.
To help distinguish sample document language from
explanatory text, a straight black line has been drawn along the
left-hand margin of the sample document language.
Contents
ORGANIZATION AGREEMENT. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Statement of Purposes
......................................................
2
Organization Committee
...................................................
3
Patronage Commitment
.....................................................
3
Financial Commitment
......................................................
4
Callingof MembershipMeeting.......................................
6
Accounting..........................................................................
7
SELECTING THE PROPER STATE
INCORPORATION STATUTE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
ARTICLES OF INCORPORATION ..*...................,..*.*.............t.
11
Heading............................................................................
11
Name...............................................................