Cooperative companies may adopt KRS 272.020 to 272.044 -- Filing fee

Any cooperative company may become subject to the provisions of KRS 272.020 to 272.044 by filing with the Secretary of State a declaration signed and sworn to by the president and secretary that the company, by a majority vote of its stockholders or members, has decided to adopt KRS 272.020 to 272.044. There shall be paid to the Secretary of State a fee of two dollars ($2) for filing the declaration.