501.617 Articles of merger or consolidation.
134 words·~1 min read·
/ia/chapter-501-closed-cooperatives/501-617A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. Upon approval, articles of merger or articles of consolidation shall be executed by each cooperative as provided in section 501.105. The articles must include the following:
a. The plan of merger or the plan of consolidation.
b. As to each cooperative, the number of members.
c. As to each cooperative, the number of members who voted for and against the plan at the meeting called for that purpose.
2. The articles of merger or articles of consolidation shall be delivered to the secretary of state for filing.
3. The secretary of state, upon the filing of articles of merger or articles of consolidation, shall issue a certificate of merger or a certificate of consolidation and send the certificate to the surviving or new cooperative, or to its representative.
Referred to in §9.11, 501.611