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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>72635</law_id><section_number>56-231.41</section_number><catch_line>Articles of incorporation</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="56">Public Service Companies</unit><unit label="chapter" level="2" order_by="1" identifier="9.1">Utility Consumer Services Cooperatives and Utility Aggregation Cooperatives</unit><unit label="article" level="3" order_by="1" identifier="2">Utility Aggregation Cooperatives Act</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> The articles of incorporation shall be entitled &#x201C;Articles of Incorporation of&#x2026;&#x2026;&#x2026; <span class="dictionary">Cooperative</span>&#x201D; (the blank space being filled in with the distinguishing part of the name of the <span class="dictionary">cooperative</span>) and shall state: <a id="paragraph-261452" class="section-permalink" href="https://vacode.org/56-231.41/#A"><i class="fa fa-link"/></a></p></section>
						<section id="A1" class="indent-1"><p><span class="prefix-number">1.</span> The name of the <span class="dictionary">cooperative</span>, which name need not contain the word &#x201C;<span class="dictionary">corporation</span>&#x201D; or &#x201C;incorporated,&#x201D; but shall be such as to distinguish it from any other <span class="dictionary">cooperative</span>; <a id="paragraph-261453" class="section-permalink" href="https://vacode.org/56-231.41/#A1"><i class="fa fa-link"/></a></p></section>
						<section id="A2" class="indent-1"><p><span class="prefix-number">2.</span> The location and post office address of its principal office and its registered agent; <a id="paragraph-261454" class="section-permalink" href="https://vacode.org/56-231.41/#A2"><i class="fa fa-link"/></a></p></section>
						<section id="A3" class="indent-1"><p><span class="prefix-number">3.</span> The number of directors; <a id="paragraph-261455" class="section-permalink" href="https://vacode.org/56-231.41/#A3"><i class="fa fa-link"/></a></p></section>
						<section id="A4" class="indent-1"><p><span class="prefix-number">4.</span> The names and post office addresses of the directors who are to manage the affairs of the <span class="dictionary">cooperative</span> for the first year of its existence, or until their successors are chosen; <a id="paragraph-261456" class="section-permalink" href="https://vacode.org/56-231.41/#A4"><i class="fa fa-link"/></a></p></section>
						<section id="A5" class="indent-1"><p><span class="prefix-number">5.</span> The duration of the <span class="dictionary">cooperative</span> if its duration is to be limited; and <a id="paragraph-261457" class="section-permalink" href="https://vacode.org/56-231.41/#A5"><i class="fa fa-link"/></a></p></section>
						<section id="A6" class="indent-1"><p><span class="prefix-number">6.</span> In the case of a <span class="dictionary">cooperative</span> incorporating with capital stock, a statement of the maximum and minimum amount of the capital stock of the <span class="dictionary">cooperative</span>, and its division into shares. <a id="paragraph-261458" class="section-permalink" href="https://vacode.org/56-231.41/#A6"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> The articles of incorporation may also contain any provision not inconsistent with <span class="dictionary">law</span> or the provisions of Title 13.1, which the incorporators may choose to insert for the regulation of the business and the conduct of the affairs of the <span class="dictionary">cooperative</span>; and any provision as to the plan of financial organization, or relating to the internal regulation or the government of the <span class="dictionary">cooperative</span>, its directors and <span class="dictionary">members</span>; provided, however, that subsections D through G of &#xA7; <a class="law" title="Special kinds of business" href="/13.1-620/">13.1-620</a> and subdivision 1 of &#xA7; <a class="law" title="Purposes" href="/13.1-825/">13.1-825</a> shall not apply to any <span class="dictionary">affiliate</span> or subsidiary of a <span class="dictionary">cooperative</span>. <a id="paragraph-261459" class="section-permalink" href="https://vacode.org/56-231.41/#B"><i class="fa fa-link"/></a></p></section></text><history>1999, c. 874.</history><metadata></metadata></law>
