Montana Statutes
§ 35-15-506 — Sale Or Disposition Of Assets
Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 15 COOPERATIVE ASSOCIATIONS·Part 5 Merger, Consolidation, and Sale of Assets
35-15-506 . Sale or disposition of assets. At any meeting the stockholders of a cooperative association may authorize the disposition or sale of all or substantially all of the association's assets if notice that such disposition or sale will be considered at such meeting has been given to all persons entitled to vote thereon and if disposition or sale is approved by two-thirds of those entitled to vote thereon voting at the meeting.
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Legislative History
En. Sec. 1, Ch. 140, L. 1917; re-en. Sec. 6390, R.C.M. 1921; re-en. Sec. 6390, R.C.M. 1935; amd. Sec. 2, Ch. 342, L. 1973; R.C.M. 1947, 14-216(5).
Nearby Sections
15
§ 35-15-101
Reserved Power Of Regulation§ 35-15-102
Requirements Of Chapter Exclusive§ 35-15-103
Powers§ 35-15-201
Incorporation§ 35-15-203
First Meeting§ 35-15-206
Bylaws§ 35-15-207
Through 35-15-209 Reserved§ 35-15-210
Fees For Filing, Copying, And Services§ 35-15-211
Filing Of Facsimile Copy§ 35-15-301
Increase Of Membership