Section 11. Reincorporation of joint corporations  


Latest version.
  • A corporation heretofore
      organized, the members whereof represent lodges or bodies in any of  the
      benevolent  or  fraternal orders mentioned or described in section seven
      hereof, may by a two-thirds vote of all its members present  and  voting
      at   a   regular   or  regularly  called  meeting  thereof,  proceed  to
      reincorporate under this chapter with the same name  and  for  the  same
      purposes  for  which  it was originally organized. In thus proceeding to
      reincorporate, the board of trustees or directors may  be  increased  or
      diminished within the limits prescribed by section seven hereof, but any
      decrease  in  such  membership shall not take effect so as to affect the
      term of office of any trustee or director of the old  corporation.  Such
      trustees  or  directors  and  the  other officers of the old corporation
      shall continue to serve as such under the  reorganized  corporation  for
      the  term  for  which  they  were  originally elected or appointed. Such
      reorganization shall not effect a dissolution of  the  corporation,  but
      shall  be  deemed  a  continuation  of  its  corporate existence without
      affecting its property rights, or its liabilities, or the liabilities of
      its members or officers as such; but thereafter it shall have only  such
      other  rights,  powers  and privileges and be subject only to such other
      duties and liabilities as a corporation created  for  the  same  purpose
      under this chapter.