17-4618.Merger.
(a) Any one or more cooperatives may merge into another cooperative by
complying with the following requirements:
(1) The proposition for the merger of the merging cooperative into the
surviving cooperative and proposed articles of merger shall be submitted to
a meeting of the members of each merging cooperative, the notice of which
shall have attached a copy of the proposed articles of merger; and
(2) if the proposed merger and the proposed articles of merger, with any
amendments, are approved by the affirmative vote of not less than 2/3 of
the members of each cooperative voting at each such meeting, articles of
merger in the form approved shall be executed
on behalf of each such cooperative by its president or vice-president and
attested by its secretary.
(b) Voting on the proposed articles of merger shall be in accordance
with subsection (e) of K.S.A. 17-4610 and amendments thereto.
(c) The articles of merger shall recite that they are executed pursuant to
this act and shall state:
(1) The name of each merging cooperative and the address of its
principal office;
(2) the name of the surviving cooperative and the address of its
principal office;
(3) a statement that each merging cooperative and the surviving
cooperative agree to the merger;
(4) the names and addresses of the trustees of the surviving cooperative; and
(5) the terms and conditions of the merger and the mode of carrying the
same into effect, including the manner in which members of the merging
cooperatives may or shall become members of the surviving cooperative.
Such articles may contain any provisions not inconsistent with this act
deemed necessary or advisable for the conduct of the business of the
surviving cooperative.
(d) The president or vice-president of each cooperative executing the
articles of merger shall make and annex thereto an affidavit stating that
the provisions of this section in respect of such articles were duly
complied with by such cooperative.
History: L. 1941, ch. 185, § 18;
L. 1989, ch. 79, § 2;
L. 2000, ch. 39, § 13; July 1.
17-4618.Merger.
(a) Any one or more cooperatives may merge into another cooperative by
complying with the following requirements:
(1) The proposition for the merger of the merging cooperative into the
surviving cooperative and proposed articles of merger shall be submitted to
a meeting of the members of each merging cooperative, the notice of which
shall have attached a copy of the proposed articles of merger; and
(2) if the proposed merger and the proposed articles of merger, with any
amendments, are approved by the affirmative vote of not less than 2/3 of
the members of each cooperative voting at each such meeting, articles of
merger in the form approved shall be executed
on behalf of each such cooperative by its president or vice-president and
attested by its secretary.
(b) Voting on the proposed articles of merger shall be in accordance
with subsection (e) of K.S.A. 17-4610 and amendments thereto.
(c) The articles of merger shall recite that they are executed pursuant to
this act and shall state:
(1) The name of each merging cooperative and the address of its
principal office;
(2) the name of the surviving cooperative and the address of its
principal office;
(3) a statement that each merging cooperative and the surviving
cooperative agree to the merger;
(4) the names and addresses of the trustees of the surviving cooperative; and
(5) the terms and conditions of the merger and the mode of carrying the
same into effect, including the manner in which members of the merging
cooperatives may or shall become members of the surviving cooperative.
Such articles may contain any provisions not inconsistent with this act
deemed necessary or advisable for the conduct of the business of the
surviving cooperative.
(d) The president or vice-president of each cooperative executing the
articles of merger shall make and annex thereto an affidavit stating that
the provisions of this section in respect of such articles were duly
complied with by such cooperative.
History: L. 1941, ch. 185, § 18;
L. 1989, ch. 79, § 2;
L. 2000, ch. 39, § 13; July 1.
17-4618.Merger.
(a) Any one or more cooperatives may merge into another cooperative by
complying with the following requirements:
(1) The proposition for the merger of the merging cooperative into the
surviving cooperative and proposed articles of merger shall be submitted to
a meeting of the members of each merging cooperative, the notice of which
shall have attached a copy of the proposed articles of merger; and
(2) if the proposed merger and the proposed articles of merger, with any
amendments, are approved by the affirmative vote of not less than 2/3 of
the members of each cooperative voting at each such meeting, articles of
merger in the form approved shall be executed
on behalf of each such cooperative by its president or vice-president and
attested by its secretary.
(b) Voting on the proposed articles of merger shall be in accordance
with subsection (e) of K.S.A. 17-4610 and amendments thereto.
(c) The articles of merger shall recite that they are executed pursuant to
this act and shall state:
(1) The name of each merging cooperative and the address of its
principal office;
(2) the name of the surviving cooperative and the address of its
principal office;
(3) a statement that each merging cooperative and the surviving
cooperative agree to the merger;
(4) the names and addresses of the trustees of the surviving cooperative; and
(5) the terms and conditions of the merger and the mode of carrying the
same into effect, including the manner in which members of the merging
cooperatives may or shall become members of the surviving cooperative.
Such articles may contain any provisions not inconsistent with this act
deemed necessary or advisable for the conduct of the business of the
surviving cooperative.
(d) The president or vice-president of each cooperative executing the
articles of merger shall make and annex thereto an affidavit stating that
the provisions of this section in respect of such articles were duly
complied with by such cooperative.
History: L. 1941, ch. 185, § 18;
L. 1989, ch. 79, § 2;
L. 2000, ch. 39, § 13; July 1.