§ 30. Amendment of articles of incorporation. A cooperative may amend its articles of incorporation by complying with the following requirements: The proposed amendment shall be presented to a meeting of the members, the notice of which shall set forth or have attached thereto the proposed amendment. If the proposed amendment, with any changes, is […]
§ 31. Change of location of principal office. A cooperative may, upon authorization of its board of directors or its members, change the location of its principal office by filing a certificate reciting such change of principal office, executed and acknowledged by its president or vice-president under its seal attested by its secretary, in the […]
§ 32. Consolidation. Any two or more cooperatives (each of which is hereinafter designated a “consolidating cooperative”), may consolidate into a new cooperative (hereinafter designated the “new cooperative”), by complying with the following requirements: (a) The proposition for the consolidation of the consolidating cooperatives into the new cooperative and proposed articles of consolidation to give […]
§ 33. Merger. Any one or more cooperatives (each of which is hereinafter designated a “merging cooperative”) may merge into another cooperative (hereinafter designated the “surviving cooperative”), by complying with the following requirements: (a) The proposition for the merger of the merging cooperatives into the surviving cooperative and proposed articles of merger to give effect […]
§ 34. Effect of consolidation or merger. (a) In the case of a consolidation the existence of the consolidating cooperatives shall cease and the articles of consolidation shall be deemed to be articles of incorporation of the new cooperative; and in the case of a merger the separate existence of the merging cooperatives shall cease […]
§ 35. Dissolution. (a) A cooperative which has not commenced business may be dissolved by filing in the department of state articles of dissolution which shall be executed and acknowledged on behalf of the cooperative by a majority of the incorporators and which shall state: (1) the name of the cooperative; (2) the address of […]
