Section 46 – Conversion to a limited cooperative association.
3-1-46. Conversion to a limited cooperative association. An association under this title may convert to a limited cooperative association under Title 16, Chapter 16, Uniform Limited Cooperative Association Act, by complying with that chapter. Enacted by Chapter 363, 2008 General Session
Section 29 – Inconsistent acts repealed — Existing associations continued.
3-1-29. Inconsistent acts repealed — Existing associations continued. All acts and parts of acts which are inconsistent with the provisions of this act are repealed. It is intended by the enactment of this measure to continue in good standing all existing associations organized under similar acts heretofore existing, and in no way to detract from […]
Section 30 – Authorization for merger or consolidation with other associations or corporations — Laws governing surviving or new corporation.
3-1-30. Authorization for merger or consolidation with other associations or corporations — Laws governing surviving or new corporation. (1) Pursuant to a plan approved under this chapter, an agricultural cooperative association may merge or consolidate with: (a) one or more agricultural cooperative associations; (b) one or more domestic corporations governed by: (i)Title 16, Chapter 10a, […]
Section 31 – Contents and approval of plan of merger or consolidation.
3-1-31. Contents and approval of plan of merger or consolidation. (1) The board of directors, board of trustees, or other governing board of each party to the merger or consolidation shall, by resolution adopted by each board, approve a plan of merger or consolidation. (2) The plan shall contain: (a) the name of: (i) each […]
Section 32 – Notice to members and shareholders of meeting to vote on plan of merger or consolidation.
3-1-32. Notice to members and shareholders of meeting to vote on plan of merger or consolidation. (1) After approval of the plan under Section 3-1-31, the members or shareholders shall vote on the plan at an annual or special meeting. (2) The members shall be given written notice specifying: (a) the place, date, and time […]
Section 33 – Determination of members and shareholders entitled to notice of or to vote on plan of merger or consolidation.
3-1-33. Determination of members and shareholders entitled to notice of or to vote on plan of merger or consolidation. (1) Only current members of associations and shareholders of noncooperative corporations may vote on plans of merger or consolidation. (2) (a) To determine members and shareholders entitled to receive notice of and to vote at a […]
Section 34 – Quorum at meeting to vote on plan of merger or consolidation.
3-1-34. Quorum at meeting to vote on plan of merger or consolidation. The current members present or voting by signed ballot, if voting by ballot is allowed by the association’s bylaws, of each cooperative association which is a party to the merger or consolidation and the shareholders present or voting by proxy or by delegate […]
Section 35 – Procedure at meeting to vote on plan of merger or consolidation — Abandonment of merger or consolidation prior to filing articles.
3-1-35. Procedure at meeting to vote on plan of merger or consolidation — Abandonment of merger or consolidation prior to filing articles. (1) At each meeting, a vote of the current members of each cooperative party to the merger or consolidation having members and a vote of the shareholders of each party to the merger […]
Section 36 – Articles of merger or consolidation — Execution, contents, and filing of articles — Issuance of certificate of merger or consolidation — Fees.
3-1-36. Articles of merger or consolidation — Execution, contents, and filing of articles — Issuance of certificate of merger or consolidation — Fees. (1) Upon approval, articles of merger or consolidation shall be signed in duplicate by each party to the merger or consolidation by its president or a vice president and by its secretary […]
Section 37 – Effect of merger or consolidation.
3-1-37. Effect of merger or consolidation. (1) After the certificate of merger or consolidation is issued by the Division of Corporations and Commercial Code, the merger or consolidation shall be effected. (2) When the merger or consolidation has been effected: (a) The associations or corporations which are parties to the plan of merger or consolidation […]