Election of existing associations to come under act.

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A. By complying with the provisions of this section, any association, organized pursuant to any previously existing statutes, may elect, by vote of its members as provided in its Articles of Incorporation and bylaws for the amendment of its Articles of Incorporation and bylaws, to be brought under the provisions of the Cooperative Marketing Association Act.

B. A statement, signed and sworn to by its directors to the effect that the corporation or association has elected to adopt the benefits and be bound by the provisions of the Cooperative Marketing Association Act and has duly authorized all changes accordingly, shall be filed as required for the filing of an amendment to the Articles of Incorporation.

C. The same fee shall be paid for filing as for the filing pursuant to this section of an amendment to the Articles of Incorporation.

Added by Laws 1937, p. 267, § 18. Amended by Laws 2001, c. 38, § 18, eff. Nov. 1, 2001. Renumbered from § 361q of this title by Laws 2001, c. 38, § 26, eff. Nov. 1, 2001.


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