(1) One or more domestic cooperatives may merge with one or more foreign entities if:
The merger is permitted by section 7-90-203 (2);
The foreign entity complies with section 7-90-203.7 if it is the surviving entity of themerger; and
Each domestic cooperative complies with the applicable provisions of sections 7-56602 and 7-56-603 and, if it is the surviving cooperative of the merger, with section 7-56-604.5.
(2) Upon the merger taking effect, the surviving foreign entity of a merger shall comply with section 7-90-204.5.
Source: L. 2007: Entire section added, p. 222, § 7, effective May 29.