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, Utah Revised Business Corporation Act; or
- (ii)Title 16, Chapter 6a, Utah Revised Nonprofit Corporation Act; or
- (c) any combination of associations or corporations referred to in Subsection (1)(a) or (b).
- (2) The surviving or new corporation shall be governed by:
- (a) the Uniform Agricultural Cooperative Association Act; or
- (b)Title 16, Chapter 6a, Utah Revised Nonprofit Corporation Act.
Amended by Chapter 300, 2000 General Session