RCW 23.100.1309
256 words·~1 min read·
/wa/title-23/chapter-23-100/23-100-1309·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A domestic limited cooperative association may become a party to a merger under this section and RCW 23.100.1308 and 23.100.1310 through 23.100.1313 by approving a plan of merger. The plan must be in a record and contain:
(a)As to each merging cooperative association, its name, jurisdiction of formation, and type of cooperative association;
(b)If the surviving cooperative association is to be created in the merger, a statement to that effect and the association's name, jurisdiction of formation, and type of association;
(c)The manner of converting the interests in each party to the merger into interests, obligations, money, other property, rights to acquire interests, or any combination of the foregoing;
(d)If the surviving cooperative association exists before the merger, any proposed amendments to:
(i)Its public organic record, if any; and
(ii)Its private organic rules that are, or are proposed to be, in a record;
(e)If the surviving cooperative association is to be created in the merger:
(i)Its proposed public organic record, if any; and
(ii)The full text of its private organic rules that are proposed to be in a record;
(f)The other terms and conditions of the merger; and
(g)Any other provision required by the law of a merging cooperative association's jurisdiction of formation or the organic rules of a merging cooperative association.
(2)In addition to the requirements of subsection
(1)of this section, a plan of merger may contain any other provision not prohibited by law.
[ 2019 c 37 s 1309 .]