16-16-1611 - Consolidation.
16-16-1611. Consolidation.
(1) Constituent entities that are limited cooperative associations or foreign cooperativesmay agree to call a merger a consolidation under this part.
(2) All provisions governing mergers or using the term merger in this chapter applyequally to mergers that the constituent entities choose to call consolidations under Subsection (1).
Enacted by Chapter 363, 2008 General Session