New York Rural Electric Cooperative Law Article 3 - AMENDMENT; CONSOLIDATION; MERGER; AND DISSOLUTION

  • 30 - Amendment of Articles of Incorporation.
    A cooperative may amend its articles of incorporation by complying with the following requirements: The proposed amendment shall be presented to a meeting of the...
  • 31 - Change of Location of Principal Office.
    A cooperative may, upon authorization of its board of directors or its members, change the location of its principal office by filing a certificate reciting...
  • 32 - Consolidation.
    Any two or more cooperatives (each of which is hereinafter designated a "consolidating cooperative"), may consolidate into a new cooperative (hereinafter designated the "new cooperative"),...
  • 33 - Merger.
    Any one or more cooperatives (each of which is hereinafter designated a "merging cooperative") may merge into another cooperative (hereinafter designated the "surviving cooperative"), by...
  • 34 - Effect of Consolidation or Merger.
    (a) In the case of a consolidation the existence of the consolidating cooperatives shall cease and the articles of consolidation shall be deemed to be...
  • 35 - Dissolution.
    (a) A cooperative which has not commenced business may be dissolved by filing in the department of state articles of dissolution which shall be executed...

Last modified: February 3, 2019