§1753. Merger; consolidation
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/me/title-13-corporations/chapter-85-cooperatives/1753·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A cooperative affordable housing corporation may not consolidate or merge with another corporation other than a cooperative affordable housing corporation. Two or more cooperative affordable housing corporations may consolidate or merge in accordance with Title 13‑C, chapter 11 . Cooperative affordable housing corporations may not engage in mergers or consolidation if such an action is undertaken for the purpose of circumventing section 1754 , 1757, 1758 or 1761. [RR 2001, c. 2, Pt. B, §29 (COR); RR 2001, c. 2, Pt. B, §58 (AFF).]