Sec. 10.15.380. Execution and content of articles of amendment.

208 words·~1 min read·/ak/title-10/chapter-15/10-15-380

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Following adoption of an amendment to the articles, it shall be executed in duplicate by the cooperative by its president or a vice-president and by its secretary or an assistant secretary and must set out

(1)the name of the cooperative;

(2)if an amendment changes a provision of the original or amended articles, an identification by reference or description of the affected provision and a statement of its text as it is amended to read, or, if an amendment strikes or deletes a provision of the original or amended articles, an identification by reference or description of the provision stricken or deleted and a statement that it is stricken or deleted, and, if the amendment is an addition to the original or amended articles, a statement of that fact and the full text of the provision added;

(3)the date of the adoption of the amendment by the members;

(4)the numbers of members voting for and against the amendment;

(5)if affected shareholders had the right to vote, the number of affected shareholders, the number of shareholder votes entitled to be voted on the amendment, and the number of shareholder votes cast for and against the amendment.