10-12 Mutual Aid Corporations - North Dakota Statutes

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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
the purpose of effectuating any plan or program of any state or federal department or agency or
of any other agency or corporation for giving assistance, financial or otherwise, in such
endeavors or in cooperative endeavors of any nature or description, or for the purpose of
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
served by the cooperative, and shall have power to act as the agent or representative of any
state, federal, or other agency, corporation, or limited liability company giving assistance to rural
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
cooperative" and the word cooperative shall form a part of the name of each cooperative so
organized. Any cooperative organized prior to July 1, 1957, and whose name does not include
the term "mutual aid cooperative", may at its option elect to change its name to include "mutual
aid cooperative".10-12-03.Personal property of rural rehabilitation corporation exempt fromtaxation - Real property taxable. Repealed by S.L. 1983, ch. 595,