LegalFix
Sign In

§ 7-58-1604. Merger

CO Rev Stat § 7-58-1604 (2018) (N/A)
Copy with citation
Copy as parenthetical citation

(1) One or more domestic limited cooperative associations may merge into another domestic entity if the board of directors of each association that is a party to the merger and each other entity that is a party to the merger adopts a plan of merger complying with section 7-90-203.3 and the members entitled to vote thereon, if any, of each such association, if required by sections 7-58-1605 and 7-58-1606, approve the plan of merger.

(2) One or more domestic limited cooperative associations may merge with one or more foreign entities if:

(a) The merger is permitted by section 7-90-203 (2);

(b) The foreign entity complies with section 7-90-203.7 if it is the surviving entity of the merger; and

(c) Each domestic limited cooperative association complies with the applicable provisions of sections 7-58-1605 and 7-58-1606 and, if it is the surviving association of the merger, with section 7-58-1608 (2).

Previous Section
§ 7-58-1603. Action on plan of conversion by converting limited cooperative association
Next Section
§ 7-58-1605. Notice and action on plan of merger by constituent limited cooperative association