10-12 Mutual Aid Corporations
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<![CDATA[CHAPTER 10-12MUTUAL AID CORPORATIONS10-12-01. Mutual aid cooperatives. Nonprofit cooperatives may be organized for thepurpose of effectuating any plan for rural rehabilitation, subsistence farming, or housing, or for<br>the purpose of effectuating any plan or program of any state or federal department or agency or<br>of any other agency or corporation for giving assistance, financial or otherwise, in such<br>endeavors or in cooperative endeavors of any nature or description, or for the purpose of<br>engaging in such endeavors with or without such assistance.10-12-02. Special requirements and powers. Mutual aid cooperatives are subject tothe general law governing cooperatives, but shall also state in their articles the territory to be<br>served by the cooperative, and shall have power to act as the agent or representative of any<br>state, federal, or other agency, corporation, or limited liability company giving assistance to rural<br>rehabilitation, subsistence farming, housing, or cooperative endeavors of any nature.Anycooperative that is hereafter organized under this chapter shall be known as a "mutual aid<br>cooperative" and the word cooperative shall form a part of the name of each cooperative so<br>organized. Any cooperative organized prior to July 1, 1957, and whose name does not include<br>the term "mutual aid cooperative", may at its option elect to change its name to include "mutual<br>aid cooperative".10-12-03.Personal property of rural rehabilitation corporation exempt fromtaxation - Real property taxable. Repealed by S.L. 1983, ch. 595, </p>
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