A. The articles of incorporation mentioned in § 56-231.16 shall be entitledand endorsed "Articles of Incorporation of the . . . . . . . . ElectricCooperative" or "Articles of Incorporation of the . . . . . . . . UtilityConsumer Services Cooperative" (the blank space being filled in with thedistinguishing part of the name of the cooperative) and shall state:
1. The name of the cooperative, which name need not contain the word"corporation" or "incorporated" but shall be such as to distinguish itfrom any other cooperative.
2. To the extent it conducts regulated electric distribution operations, areasonable designation of the territory in which such operations areprincipally to be conducted.
3. The location of its principal office and post office address thereof.
4. The maximum number of directors, which shall be not less than five.
5. The names and post office addresses of the directors who are to manage theaffairs of the cooperative for the first year of its existence, or untiltheir successors are chosen.
6. The period, if any, limited for the duration of the cooperative.
7. The terms and conditions upon which persons shall be admitted tomembership in the cooperative, and in the case of a cooperative incorporatingwith capital stock, a statement of the maximum and minimum amount of thecapital stock of the cooperative and its division into shares.
8. In the case of a cooperative incorporating on or after July 1, 1999, theregistered office and registered agent of the cooperative.
B. The articles of incorporation may also contain any provision notinconsistent with law or the provisions of Chapters 9 (§ 13.1-601 et seq.)and 10 (§ 13.1-801 et seq.) of Title 13.1 which the incorporators may chooseto insert for the regulation of the business and the conduct of the affairsof the cooperative; and any provision as to the plan of financialorganization, or relating to the internal regulation or government of thecooperative, its directors and members; provided, however, that subsections Dthrough G of § 13.1-620 and subdivision 1 of § 13.1-825 shall not apply toany affiliate or subsidiary of a cooperative.
A. The articles of incorporation mentioned in § 56-231.16 shall be entitledand endorsed "Articles of Incorporation of the . . . . . . . . ElectricCooperative" or "Articles of Incorporation of the . . . . . . . . UtilityConsumer Services Cooperative" (the blank space being filled in with thedistinguishing part of the name of the cooperative) and shall state:
1. The name of the cooperative, which name need not contain the word"corporation" or "incorporated" but shall be such as to distinguish itfrom any other cooperative.
2. To the extent it conducts regulated electric distribution operations, areasonable designation of the territory in which such operations areprincipally to be conducted.
3. The location of its principal office and post office address thereof.
4. The maximum number of directors, which shall be not less than five.
5. The names and post office addresses of the directors who are to manage theaffairs of the cooperative for the first year of its existence, or untiltheir successors are chosen.
6. The period, if any, limited for the duration of the cooperative.
7. The terms and conditions upon which persons shall be admitted tomembership in the cooperative, and in the case of a cooperative incorporatingwith capital stock, a statement of the maximum and minimum amount of thecapital stock of the cooperative and its division into shares.
8. In the case of a cooperative incorporating on or after July 1, 1999, theregistered office and registered agent of the cooperative.
B. The articles of incorporation may also contain any provision notinconsistent with law or the provisions of Chapters 9 (§ 13.1-601 et seq.)and 10 (§ 13.1-801 et seq.) of Title 13.1 which the incorporators may chooseto insert for the regulation of the business and the conduct of the affairsof the cooperative; and any provision as to the plan of financialorganization, or relating to the internal regulation or government of thecooperative, its directors and members; provided, however, that subsections Dthrough G of § 13.1-620 and subdivision 1 of § 13.1-825 shall not apply toany affiliate or subsidiary of a cooperative.
A. The articles of incorporation mentioned in § 56-231.16 shall be entitledand endorsed "Articles of Incorporation of the . . . . . . . . ElectricCooperative" or "Articles of Incorporation of the . . . . . . . . UtilityConsumer Services Cooperative" (the blank space being filled in with thedistinguishing part of the name of the cooperative) and shall state:
1. The name of the cooperative, which name need not contain the word"corporation" or "incorporated" but shall be such as to distinguish itfrom any other cooperative.
2. To the extent it conducts regulated electric distribution operations, areasonable designation of the territory in which such operations areprincipally to be conducted.
3. The location of its principal office and post office address thereof.
4. The maximum number of directors, which shall be not less than five.
5. The names and post office addresses of the directors who are to manage theaffairs of the cooperative for the first year of its existence, or untiltheir successors are chosen.
6. The period, if any, limited for the duration of the cooperative.
7. The terms and conditions upon which persons shall be admitted tomembership in the cooperative, and in the case of a cooperative incorporatingwith capital stock, a statement of the maximum and minimum amount of thecapital stock of the cooperative and its division into shares.
8. In the case of a cooperative incorporating on or after July 1, 1999, theregistered office and registered agent of the cooperative.
B. The articles of incorporation may also contain any provision notinconsistent with law or the provisions of Chapters 9 (§ 13.1-601 et seq.)and 10 (§ 13.1-801 et seq.) of Title 13.1 which the incorporators may chooseto insert for the regulation of the business and the conduct of the affairsof the cooperative; and any provision as to the plan of financialorganization, or relating to the internal regulation or government of thecooperative, its directors and members; provided, however, that subsections Dthrough G of § 13.1-620 and subdivision 1 of § 13.1-825 shall not apply toany affiliate or subsidiary of a cooperative.
