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

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