Section 30. Amendment of articles of incorporation  


Latest version.
  • A cooperative may amend
      its  articles  of  incorporation  by  complying   with   the   following
      requirements:  The proposed amendment shall be presented to a meeting of
      the members, the notice of  which  shall  set  forth  or  have  attached
      thereto  the  proposed  amendment.  If  the proposed amendment, with any
      changes, is approved by the affirmative vote of not less than two-thirds
      of those members voting thereon at such meeting, articles  of  amendment
      shall  be  executed and acknowledged on behalf of the cooperative by its
      president or vice-president and its seal shall be  affixed  thereto  and
      attested  by  its secretary. The articles of amendment shall recite that
      they are executed pursuant to this chapter and shall state: (1) the name
      of the cooperative; (2) the address of its principal office; and (3) the
      amendment  to  its  articles  of   incorporation.   The   president   or
      vice-president executing such articles of amendment shall make and annex
      thereto  an  affidavit  stating  that  the provisions of this section in
      respect of the amendment set forth in such articles were  duly  complied
      with.