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 of each noncooperative corporation which is a party to the merger or consolidation shall constitute a quorum at the meeting called to vote upon the merger or consolidation unless the plan requires a greater number to constitute a quorum at the meeting.

Amended by Chapter 202, 1994 General Session