§ 33. Merger. Any one or more cooperatives (each of which is\nhereinafter designated a "merging cooperative") may merge into another\ncooperative (hereinafter designated the "surviving cooperative"), by\ncomplying with the following requirements:\n (a) The proposition for the merger of the merging cooperatives into\nthe surviving cooperative and proposed articles of merger to give effect\nthereto shall be submitted to a meeting of the members of each merging\ncooperative and of the surviving cooperative, the notice of which shall\nhave attached thereto a copy of the proposed articles of merger;\n (b) If the proposed merger and the proposed articles of merger, with\nany amendments, are approved by the affirmative vote of not less than\ntwo-thirds of those members of each cooperative vot
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§ 33. Merger. Any one or more cooperatives (each of which is\nhereinafter designated a "merging cooperative") may merge into another\ncooperative (hereinafter designated the "surviving cooperative"), by\ncomplying with the following requirements:\n (a) The proposition for the merger of the merging cooperatives into\nthe surviving cooperative and proposed articles of merger to give effect\nthereto shall be submitted to a meeting of the members of each merging\ncooperative and of the surviving cooperative, the notice of which shall\nhave attached thereto a copy of the proposed articles of merger;\n (b) If the proposed merger and the proposed articles of merger, with\nany amendments, are approved by the affirmative vote of not less than\ntwo-thirds of those members of each cooperative voting thereon at each\nsuch meeting, articles of merger in the form approved shall be executed\nand acknowledged on behalf of each such cooperative by its president or\nvice-president and its seal shall be affixed thereto and attested by its\nsecretary. The articles of merger shall recite that they are executed\npursuant to this chapter and shall state: (1) the name of each merging\ncooperative and the address of its principal office; (2) the name of the\nsurviving cooperative and the address of its principal office; (3) a\nstatement that each merging cooperative and the surviving cooperative\nagree to the merger; (4) the names and addresses of the directors of the\nsurviving cooperative; and (5) the terms and conditions of the merger\nand the mode of carrying the same into effect, including the manner in\nwhich members of the merging cooperatives may or shall become members of\nthe surviving cooperative; and may contain any provisions not\ninconsistent with this chapter deemed necessary or advisable for the\nconduct of the business of the surviving cooperative. The president or\nvice-president of each cooperative executing such articles of merger\nshall make and annex thereto an affidavit stating that the provisions of\nthis section in respect of such articles were duly complied with by such\ncooperative.\n