Date of existence — perpetual duration, exception.

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  5. Date of existence — perpetual duration, exception.

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Effective - 28 Aug 2011

351.1024. Date of existence — perpetual duration, exception. — 1. The existence of a cooperative shall commence when the articles are filed with the secretary of state, unless a later date is specified in the articles.

2. A cooperative shall have a perpetual duration unless the cooperative otherwise provides for a limited period of duration in the articles.

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(L. 2011 S.B. 366)


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