3-1-30 - Authorization for merger or consolidation with other associations or corporations -- Laws governing surviving or new corporation. - Utah Statutes

3-1-30. Authorization for merger or consolidation with other associations orcorporations -- Laws governing surviving or new corporation.
(1) Pursuant to a plan approved under this chapter, an agricultural cooperative associationmay 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).
(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.

Amended by Chapter 300, 2000 General Session