47-21-23. Submission of conversion proposition to stockholders--Notice of meeting.
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/sd/title-47/chapter-47-21/47-21-23A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The proposition for the conversion of the corporation described in § 47-21-22 into a cooperative and proposed articles of conversion to give effect thereto shall be submitted to a meeting of the members or stockholders of such corporation, or in case of a corporation having no members or stockholders, to a meeting of the incorporators of such corporation, the notice of which shall have attached thereto a copy of the proposed articles of conversion.