Sec. 33-206. Merger of cooperative associations and cooperative marketing corporations. - Connecticut Statutes

      Sec. 33-206. Merger of cooperative associations and cooperative marketing corporations. Agricultural cooperative associations and cooperative marketing corporations incorporated or organized under any statute of this state may merge or consolidate with any other similar corporation or association organized under the laws of this or any other state. Any such merger or consolidation may be effected in accordance with the general provisions of law providing for the merger or consolidation of other corporations so far as applicable, in a manner reasonably analogous to that set forth in such provisions. The effect and the rights, duties and liabilities arising from any such merger or consolidation shall be the same as that arising from a merger or consolidation of other corporations.

      (1949 Rev., S. 5315; 1967, P.A. 148, S. 2.)

      History: 1967 act authorized merger or consolidation with similar corporations organized under laws of any other state and deleted provision whereby members take action as is required of stockholders in effecting merger or consolidation and specified that value of stock of dissenting member considered equivalent to the amount he would have received on distribution of assets if association or corporation had been dissolved.

      See Sec. 33-1155 et seq. re merger of nonstock corporations.