21-1402. Formation; purposes.

Any number of persons, not less than five, engaged in the production of agricultural products or two or more nonprofit cooperative companies, stock or nonstock, may form a cooperative association without capital stock for the transaction of any lawful business by the adoption of articles of incorporation, as set forth in Chapter 21, article 14.

Source:Laws 1925, c. 80, § 2, p. 248; C.S.1929, § 24-1402; R.S.1943, § 21-1402; Laws 1951, c. 40, § 1, p. 146; Laws 1981, LB 283, § 2.