Designated office and agent for service of process.
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(1) A limited cooperative association, or a foreign cooperative that has a certificate of authority under Section 16-16-1404, shall designate and continuously maintain in this state:
(a) an office, as its designated office, which need not be a place of the association's or foreign cooperative's activity in this state; and
(b) an agent for service of process at the designated office.
(2) An agent for service of process of a limited cooperative association or foreign cooperative shall be an individual who is a resident of this state or an entity that is authorized to do business in this state.