Section 1: Approval for Merging or Consolidating

The Cooperative may merge or consolidate with any one or more cooperatives by complying with the following:

  1. The proposal for merger or consolidation shall have been approved by two-thirds (2/3) of the Board of Trustees.
  2. The proposed merger or consolidation plan shall be submitted to the membership at an annual or special membership meeting. The notice for such meeting shall set forth the full particulars of the proposed merger or consolidation.
  3. The proposal for merger or consolidation and the proposed articles of the merged or new entity shall be approved by ⅔ of the members voting thereon at the meeting.