Cooperatives are incorporated under state statutes.
Attorney Carolyn Eselgroth, Barrett, Easterday, Cunningham & Eselgroth, LLP., shares insight on cooperative statutes.
Statute. An act of a legislature that declares, proscribes, or commands something; a specific law, expressed in writing. A statute is a written law passed by a legislature on the state or federal level. Statutes set forth general propositions of law that courts apply to specific situations.
A statute is a formal written enactment of a legislative authority that governs the legal entities of a city, state, or country by way of consent. … Statutes are rules made by legislative bodies; they are distinguished from case law or precedent, which is decided by courts, and regulations issued by government agencies.
Ohio cooperatives are incorporated under charter authority Ohio Revised Code section 1729.
West Virginia cooperatives are governed by West Virginia Code Chapter 19, Article 4