10-2026. Merger, interest exchange, conversion, domestication or division; definitions
A. A domestic cooperative marketing association may be a party to or otherwise undertake a merger, an interest exchange, a conversion, a domestication or a division by complying with chapter 34 of this title and title 29, chapter 6.
B. If a domestic cooperative marketing association is to be created in a merger, a conversion, a domestication or a division, the initial members of the association must consist of five or more persons engaged in the production of agricultural products in accordance with section 10-2003, subsection A.
C. For the purposes of this section, references in chapter 34 of this title to a " corporation" are deemed references to a domestic cooperative marketing association.
D. For the purposes of this section:
1. " Conversion" means a transaction authorized by title 29, chapter 6, article 4.
2. " Division" means a transaction authorized by title 29, chapter 6, article 6.
3. " Domestication" means a transaction authorized by title 29, chapter 6, article 5.
4. " Interest exchange" means a transaction authorized by title 29, chapter 6, article 3.
5. " Merger" means a transaction authorized by title 29, chapter 6, article 2.
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