                                 CODE OF VIRGINIA

ARTICLES OF INCORPORATION (§ 56-231.41)

A. The articles of incorporation shall be entitled &#8220;Articles of
Incorporation of&#8230;&#8230;&#8230; Cooperative&#8221; (the blank space being
filled in with the distinguishing part of the name of the cooperative) and shall
state:

   1. The name of the cooperative, which name need not contain the word
   &#8220;corporation&#8221; or &#8220;incorporated,&#8221; but shall be such as
   to distinguish it from any other cooperative;

   2. The location and post office address of its principal office and its
   registered agent;

   3. The number of directors;

   4. The names and post office addresses of the directors who are to manage the
   affairs of the cooperative for the first year of its existence, or until their
   successors are chosen;

   5. The duration of the cooperative if its duration is to be limited; and

   6. In the case of a cooperative incorporating with capital stock, a statement
   of the maximum and minimum amount of the capital stock of the cooperative, and
   its division into shares.

B. The articles of incorporation may also contain any provision not inconsistent
with law 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
cooperative; and any provision as to the plan of financial organization, or
relating to the internal regulation or the government of the cooperative, its
directors and members; provided, however, that subsections D through G of &#xA7;
13.1-620 and subdivision 1 of &#xA7; 13.1-825 shall not apply to any affiliate
or subsidiary of a cooperative.

HISTORY: 1999, c. 874.