Montana Statutes
§ 35-17-506 — Sale Or Disposition Of Assets
Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 17 COOPERATIVE AGRICULTURAL MARKETING·Part 5 Merger, Consolidation, and Sale of Assets
35-17-506 . 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 stockholders voting at the meeting.
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Legislative History
En. 14-431 by Sec. 5, Ch. 298, L. 1977; R.C.M. 1947, 14-431(6).
Nearby Sections
15
§ 35-17-101
Short Title§ 35-17-102
Declaration Of Policy§ 35-17-104
Who May Organize§ 35-17-105
Permissible Purposes For Organization§ 35-17-106
Powers Of Associations§ 35-17-201
Marketing Survey§ 35-17-202
Articles Of Incorporation -- Contents -- Filing -- Articles Or Copies As Prima Facie Evidence§ 35-17-203
Amendments To Articles Of Incorporation§ 35-17-204
Adoption Of Chapter By Existing Associations§ 35-17-206
Bylaws§ 35-17-301
Who May Be Members§ 35-17-303
Limited Liability Of Members