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Section 30 - Authorization for merger or consolidation with other associations or corporations -- Laws governing surviving or new corporation.

UT Code § 3-1-30 (2019) (N/A)
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(1) Pursuant to a plan approved under this chapter, an agricultural cooperative association may merge or consolidate with: (a) one or more agricultural cooperative associations; (b) one or more domestic corporations governed by: (i)Title 16, Chapter 10a, Utah Revised Business Corporation Act; or (ii)Title 16, Chapter 6a, Utah Revised Nonprofit Corporation Act; or (c) any combination of associations or corporations referred to in Subsection (1)(a) or (b).

(a) one or more agricultural cooperative associations;

(b) one or more domestic corporations governed by: (i)Title 16, Chapter 10a, Utah Revised Business Corporation Act; or (ii)Title 16, Chapter 6a, Utah Revised Nonprofit Corporation Act; or

(i)Title 16, Chapter 10a, Utah Revised Business Corporation Act; or

(ii)Title 16, Chapter 6a, Utah Revised Nonprofit Corporation Act; or

(c) any combination of associations or corporations referred to in Subsection (1)(a) or (b).

(2) The surviving or new corporation shall be governed by: (a) the Uniform Agricultural Cooperative Association Act; or (b)Title 16, Chapter 6a, Utah Revised Nonprofit Corporation Act.

(a) the Uniform Agricultural Cooperative Association Act; or

(b)Title 16, Chapter 6a, Utah Revised Nonprofit Corporation Act.

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