{"data":{"id":"us-ok/okla.-stat.-tit.-18-18-437.13","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 18, § 18-437.13","heading":"Merger","body":"Any one or more cooperatives, each of which is hereinafter\n\ndesignated a \"merging cooperative\", may merge into another\n\ncooperative, hereinafter designated the \"surviving cooperative\", by\n\ncomplying with the following requirements:\n\n(a) The proposition for the merger of the merging cooperatives\n\ninto the surviving cooperative and proposed articles of merger to\n\ngive effect thereto shall be first approved by the board of trustees\n\nof each merging cooperative and by the board of trustees of the\n\nsurviving cooperative. The proposed articles of merger shall recite\n\nin the caption that they are executed pursuant to this act and shall\n\nstate: (1) the name of each merging cooperative, the address of its\n\nprincipal office, and the date of the filing of its articles of\n\nincorporation in the office of the Secretary of State; (2) the name\n\nof the surviving cooperative and the address of its principal\n\noffice; (3) a statement that the merging cooperatives elect to be\n\nmerged into the surviving cooperative; (4) the terms and conditions\n\nof the merger and the mode of carrying the same into effect,\n\nincluding the manner and basis of converting the memberships in the\n\nmerging cooperative or cooperatives into memberships in the\n\nsurviving cooperative and the issuance of certificates of membership\n\nin respect of such converted memberships; and (6) any provisions not\n\ninconsistent with this act deemed necessary or advisable for the\n\nconduct of the business and affairs of the surviving cooperative;\n\n(b) The proposition for the merger of the merging cooperatives\n\ninto the surviving cooperative and the proposed articles of merger\n\napproved by the board of trustees of the respective cooperatives,\n\nparties to the proposed merger, shall then be submitted to a vote of\n\nthe members of each such cooperative at any annual or special\n\nmeeting thereof, the notice of which shall set forth full\n\nparticulars concerning the proposed merger. The proposed merger and\n\nthe proposed articles of merger shall be deemed to be approved upon\n\nthe affirmative vote of not less than two-thirds of those members of\n\neach cooperative voting thereon at such meeting; and\n\n(c) Upon such approval by the members of the respective\n\ncooperatives, parties to the proposed merger, articles of merger in\n\nform approved shall be executed and acknowledged on behalf of each\n\nsuch cooperative by its president or vice president and its seal\n\nshall be affixed thereto and attested by its secretary. The\n\npresident or vice president of each cooperative executing such\n\narticles of merger shall also make and annex thereto an affidavit\n\nstating that the provisions of this section were duly complied with\n\nby such cooperative. Such articles of merger and affidavits shall\n\nbe submitted to the Secretary of State for filing as provided in\n\nthis act.","path":["OK Code","Title 18"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os18.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"62060e97750569576322eb29f278cfab1cfd98c1481d0a559cece7bd7c898412","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-18-18-437.12","next":"us-ok/okla.-stat.-tit.-18-18-437.14"},"notice":"GroundRules: Original legal text. Not legal advice."}