(1) The board may restate the articles at any time with or without membership action.
The restatement may include one or more amendments to the articles. If the restatement includes an amendment requiring approval by the members, it shall be adopted as provided in section 7-56-202.
If the board submits a restatement for action by the members, the cooperative shallgive notice, in accordance with section 7-56-202, to each member entitled to vote on the restatement at the members' meeting at which the restatement will be voted upon. The notice shall state that the purpose, or one of the purposes, of the meeting is to consider the restatement, and the notice shall contain or be accompanied by a copy of the restatement that identifies any amendment or other change it would make in the articles.
A cooperative restating its articles shall deliver to the secretary of state, for filingpursuant to part 3 of article 90 of this title, articles of restatement stating: (a) The domestic entity name of the cooperative; and (b) The text of the restated articles of incorporation.
(c) and (d) (Deleted by amendment, L. 2004, p. 1412, § 41, effective July 1, 2004.)
(e) (Deleted by amendment, L. 2002, p. 1817, § 20, effective July 1, 2002; p. 1681, § 18, effective October 1, 2002.)
Source: L. 96: Entire article R&RE, p. 487, § 1, effective July 1. L. 2000: (4)(a) amended, p. 950, § 9, effective July 1. L. 2002: IP(4) and (4)(e) amended, p. 1817, § 20, effective July 1; IP(4) and (4)(e) amended, p. 1681, § 18, effective October 1. L. 2003: IP(4) amended, p. 2222, § 73, effective July 1, 2004. L. 2004: (4) amended, p. 1412, § 41, effective July 1.