(a) The articles of incorporation shall state:
(1) The name of the corporation. The name shall include the words “Electric Cooperative” and the word “Corporation”, “Incorporated”, “Inc.”, or “Company”. The name of the corporation shall be such as to distinguish it from any other corporation organized and existing under the laws of this state;
(2) The purpose for which the corporation is formed;
(3) The names and addresses of the incorporators who shall serve as directors and manage the affairs of the corporation until its first annual meeting of members, or until their successors are elected and qualify;
(4) The number of directors, not fewer than three (3), to be elected at the annual meetings of members;
(5) The address of its principal office and the name and address of its agent upon whom process may be served;
(6) The period of duration of the corporation, which may be perpetual;
(7) The terms and conditions upon which persons shall be admitted to membership and retain membership in the corporation, but if expressly so stated, the determination of such matters may be reserved to the directors by the bylaws; and
(8) Any provisions, not inconsistent with law, which the incorporators may choose to insert for the regulation of the business and the conduct of the affairs of the corporation.
(b) It shall not be necessary to set forth in the articles of incorporation any of the corporate powers enumerated in this subchapter.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 1 - Public Utilities And Carriers
Chapter 18 - Light, Heat, And Power Utilities
Subchapter 3 - Electric Cooperative Corporation Act
§ 23-18-304. Other laws inapplicable
§ 23-18-305. Extension of subchapter to other corporations
§ 23-18-306. Purposes of cooperatives
§ 23-18-307. Powers of corporation
§ 23-18-308. Jurisdiction of commission
§ 23-18-310. Cooperative names
§ 23-18-311. Articles of incorporation
§ 23-18-312. Articles of incorporation — Execution — Filing and recording
§ 23-18-313. Articles of incorporation — Amendment
§ 23-18-314. Certificate of incorporation
§ 23-18-315. Correction of defects of organization
§ 23-18-316. Organizational meeting — Notice
§ 23-18-319. Certificate of membership
§ 23-18-320. Meetings of members
§ 23-18-321. Board of directors
§ 23-18-322. Executive committee
§ 23-18-323. Officers, agents, and employees
§ 23-18-327. Nonprofit operation — Use of revenues
§ 23-18-329. Annual license fee