Current through 2024 Legislative Session
Section 10-15-58 - Use of term cooperative - Penalty for improper use1. The term "cooperative", or any variation thereof, may be used either by any association organized under this chapter or under other laws of this state relating to cooperative corporations.2. No other person may use the term "cooperative", or any variation thereof, as part of the person's corporate or other business name or title, nor may any other person in any other manner represent that that person is a cooperative. A violation of this subsection is an infraction.3. Any cooperative may obtain an injunction against acts prohibited by subsection 2 without showing any damage to itself.