17-4663. Articles of incorporation; amendment.
17-4663
17-4663. Articles of incorporation;
amendment.
A cooperative may amend its articles of incorporation in any
manner not inconsistent with the renewable energy electric generation
cooperative act by complying with the following requirements: The proposed
amendment shall be presented to a meeting of the members, the notice of which
shall set forth or have attached the proposed amendment. If the proposed
amendment, with any changes, is approved by the affirmative vote of not less
than 2/3 of those members voting at such meeting, articles of amendment shall
be executed on behalf of the cooperative by its president or vice-president and
attested by its secretary. The articles of amendment shall recite that they are
executed pursuant to the renewable energy electric generation cooperative act
and shall state: (a) The name of the cooperative; (b) the address of its
principal office; and (c) the amendment to its articles of incorporation.
The president or vice-president executing such articles of amendment shall make
and annex thereto an affidavit stating that the amendment was submitted and
adopted in compliance with the provisions of this section.
History: L. 2003, ch. 81, § 13; July 1.