Montana § 35-17-502 Plan Of Merger Or Consolidation

Montana Statutes

§ 35-17-502 — Plan Of Merger Or Consolidation

Montana § 35-17-502

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 17COOPERATIVE AGRICULTURAL MARKETING

Part 5Merger, Consolidation, and Sale of Assets

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Bluebook

Mont. Code Ann. § 35-17-502 (2026).

Text

35-17-502 . Plan of merger or consolidation. Before an association may merge or consolidate with any other association, a written plan of merger or consolidation shall be prepared by the board of directors of one or both associations, by a committee appointed for that purpose by the board of directors of one or both associations, or by a committee composed of at least 10% of the stockholders of one of the associations concerned. Such plan shall set forth all the terms of the merger or consolidation and the proposed effect thereof on each of the stockholders of the associations concerned. In the case of consolidation, the plan shall also contain a copy of the proposed articles for the new association to be formed.

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35-17-502 . Plan of merger or consolidation. Before an association may merge or consolidate with any other association, a written plan of merger or consolidation shall be prepared by the board of directors of one or both associations, by a committee appointed for that purpose by the board of directors of one or both associations, or by a committee composed of at least 10% of the stockholders of one of the associations concerned. Such plan shall set forth all the terms of the merger or consolidation and the proposed effect thereof on each of the stockholders of the associations concerned. In the case of consolidation, the plan shall also contain a copy of the proposed articles for the new association to be formed.