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Current as of January 01, 2024 | Updated by Findlaw Staff
1. Any two or more cooperative associations may merge into one cooperative association in the manner provided in this section.
2. The board of directors of each cooperative association shall, by resolution adopted by a majority vote of all members of each board, approve a plan of merger which shall set forth:
a. The names of the cooperative associations proposing to merge and the name of the surviving association.
b. The terms and conditions of the proposed merger.
c. A statement of any changes in the articles of incorporation of the surviving association.
d. Other provisions deemed necessary or desirable.
Cite this article: FindLaw.com - Iowa Code Title XII. Business Entities [Chs. 486-504C] § 499.62. Merger - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-xii-business-entities-chs-486-504c/ia-code-sect-499-62/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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