§ 5-627. Consolidation
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 5-627
§ 5-627. Consolidation
(a) A cooperative may consolidate with one or more other cooperatives to form a new consolidated cooperative as provided in this section.
(b)(1) A proposed consolidation and proposed articles of consolidation that effect the consolidation shall be submitted for consideration at an annual or special meeting of the members of each consolidating cooperative.
(c) If the proposed consolidation, proposed articles of consolidation, and any amendments to the proposed articles of consolidation are approved by the members of each consolidating cooperative as provided in subsection (b) of this section:
(d)(1) The articles of consolidation shall contain:
Credits
Added by Acts 2002, c. 135, § 3, eff. Oct. 1, 2002.
MD Code, Corporations and Associations, § 5-627, MD CORP & ASSNS § 5-627
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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