The sale, lease, exchange or other disposition of all, or substantially all, the property and assets of a cooperative, when made in the usual and regular course of the business of the cooperative, may be made on the terms and conditions and for the consideration authorized by the board. The consideration may consist in whole or in part of money or real or personal property, including shares of another cooperative, corporation or association, domestic or foreign, as authorized by its board. Authorization or consent of members or shareholders is not required.
Section: Previous 10.15.265 10.15.270 10.15.275 10.15.280 10.15.285 10.15.290 10.15.295 10.15.300 10.15.305 10.15.310 10.15.315 10.15.320 10.15.325 10.15.330 10.15.331 NextLast modified: November 15, 2016