Amendment of articles

Checkout our iOS App for a better way to browser and research.

§3752. Amendment of articles

A cooperative may amend its articles of incorporation as follows.   [PL 1987, c. 141, Pt. A, §6 (NEW).]

1.  Meeting and notice.  The proposed amendment shall be presented to a meeting of the members. The proposed amendment shall be set forth in or attached to the notice of the meeting.  

[PL 1987, c. 141, Pt. A, §6 (NEW).]

2.  Approval.  If the proposed amendment, with any changes, is approved by the affirmative vote of not less than 2/3 of those members voting on the amendment at the meeting, articles of amendment shall be executed and acknowledged on behalf of the cooperative by its president or vice-president and its seal shall be affixed to the articles and attested by its secretary.  

[PL 1987, c. 141, Pt. A, §6 (NEW).]

3.  Contents of articles of amendment.  The articles of amendment shall recite that they are executed pursuant to this chapter and shall state:  

A. The name of the cooperative;   [PL 1987, c. 141, Pt. A, §6 (NEW).]

B. The address of its principal office; and   [PL 1987, c. 141, Pt. A, §6 (NEW).]

C. The amendment to its articles of incorporation.   [PL 1987, c. 141, Pt. A, §6 (NEW).]

[PL 1987, c. 141, Pt. A, §6 (NEW).]

4.  Affidavit.  The president or vice-president executing the articles shall make and attach to the articles an affidavit stating that this section was complied with.  

[PL 1987, c. 141, Pt. A, §6 (NEW).]

SECTION HISTORY

PL 1987, c. 141, §A6 (NEW).


Download our app to see the most-to-date content.