Wyo. Stat. Ann. § 17-20-1106

Merger with entity other than a cooperative utility

Applied in 2 court decisions — leading case Barbara Campbell and William Loveland, On Behalf of Themselves and as Representatives of a Class of Similarly Situated Persons v. Chris Davidson Tri-County Telephone Association, Inc., a Wyoming Corporation Dalin Winters Clifford Alexander J.O. Sutherland Daniel Greet John K. Johnson Neil Schlenker Bht Investments, Llc, a Wyoming Limited Liability Company Bht Holdings, Inc., a Wyoming Corporation Bht Merger Corporation, a Wyoming Corporation and Steve Harper (2023)

Most recently applied in Barbara Campbell and William Loveland, On Behalf of Themselves and as Representatives of a Class of Similarly Situated Persons v. Chris Davidson Tri-County Telephone Association, Inc., a Wyoming Corporation Dalin Winters Clifford Alexander J.O. Sutherland Daniel Greet John K. Johnson Neil Schlenker Bht Investments, Llc, a Wyoming Limited Liability Company Bht Holdings, Inc., a Wyoming Corporation Bht Merger Corporation, a Wyoming Corporation and Steve Harper (October 2023)

(a) A cooperative utility may merge with any entity if:

(i) The merger is permitted by the law of the state or country under whose law the entity is organized and existing and each entity complies with that law in effecting the merger;

(ii) The entity complies with W.S. 17-19-1104 if it is the surviving corporation or entity;

(iii) The merger is approved by the affirmative vote of not less than two-thirds (2/3) of all of the members of the cooperative utility; and (iv) The provisions in W.S. 17-20-1201 are met. B. Consolidation 17-20-1110. Reserved.

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