Sec. 3.013. SUPPLEMENTAL PROVISIONS REQUIRED IN CERTIFICATE OF FORMATION OF COOPERATIVE ASSOCIATION. In addition to the information required by Section 3.005 , the certificate of formation of a cooperative association must state: (1) whether the cooperative association is organized with or without shares; (2) the number of shares or memberships subscribed for the cooperative association; (3) if the cooperative association is organized with shares: (A) the amount of authorized capital; (B) the number and type of shares; (C) par value of the shares, if any; and (D) the rights, preferences, and restrictions of each type of share; (4) the method of distribution on winding up and termination of any surplus of the cooperative association in accordance with Section 251.403 ; and (5) the names and street addresses of the directors who will manage the affairs of the cooperative association for the initial year, unless sooner changed by the members.
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