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Iowa Code § 499.62

Merger

Redline — January 1, 2012 → current.View current text →
Current — January 1, 2014
As of January 1, 2012
Any two or more cooperative associations may merge into one cooperative association in the following manner:
1. Any two or more cooperative associations may merge into one cooperative association in the manner provided in this section.
The board of directors of each cooperative association shall, by resolution adopted by a majority vote of all members of each board, approve a plan of merger which shall set forth:
2. The board of directors of each cooperative association shall, by resolution adopted by a majority vote of all members of each board, approve a plan of merger which shall set forth:
1. The names of the cooperative associations proposing to merge and the name of the surviving association.
a. The names of the cooperative associations proposing to merge and the name of the surviving association.
2. The terms and conditions of the proposed merger.
b. The terms and conditions of the proposed merger.
3. A statement of any changes in the articles of incorporation of the surviving association.
c. A statement of any changes in the articles of incorporation of the surviving association.
4. Other provisions deemed necessary or desirable.
d. Other provisions deemed necessary or desirable.
Merger with other business entities; §501A.1101 – 501A.1104
Merger with other business entities; §501A.1101 – 501A.1103

Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.