{"data":{"id":"us-mt/35-15-502","jurisdiction":"us-mt","citation":"35-15-502","heading":"Plan for merger or consolidation.","body":"Before an association may merge or consolidate with any other association, a written plan of merger or consolidation shall be prepared by the board of directors of one or both associations, by a committee appointed for that purpose by the board of directors of one or both associations, or by a committee composed of at least 10% of the stockholders of one of the associations concerned. Such plan shall set forth all the terms of the merger or consolidation and the proposed effect thereof on each of the stockholders of the associations concerned. In the case of consolidation, the plan shall also contain a copy of the proposed articles for the new association to be formed.","path":["TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS","CHAPTER 15. COOPERATIVE ASSOCIATIONS","Part 5. Merger, Consolidation, and Sale of Assets"],"source_url":"https://mca.legmt.gov/bills/mca/title_0350/chapter_0150/part_0050/section_0020/0350-0150-0050-0020.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:53:31Z","sha256":"f6fa4895ccd0a99fcea0cd614847d8eb98e16bdef300d9af74d9009972556b69","source_id":"us-mt","stale":false,"prev":"us-mt/35-15-501","next":"us-mt/35-15-503"},"notice":"GroundRules: Original legal text. Not legal advice."}