Nevada Revised Statutes 92A.162 – Approval of plan of merger, conversion or exchange for nonprofit cooperative corporation
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Unless otherwise provided in the articles of incorporation, a plan of merger, conversion or exchange involving a nonprofit cooperative corporation must be approved and adopted by the board of directors.
Terms Used In Nevada Revised Statutes 92A.162
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.