§ 5-527. Consolidation, merger, share exchange, transfer of assets, or dissolution

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(a) Application of Title 3. -- A cooperative may consolidate, merge, participate in a share exchange, transfer assets, or dissolve in the manner provided in Title 3 of this article for stock corporations in general.

(b) Rights of objecting members. -- For purposes of this section, an objecting member has the same rights with respect to his contract and property rights as an objecting stockholder has with respect to his stock under Title 3, Subtitle 2 of this article.

HISTORY: An. Code 1957, art. 23, § 355; 1975, ch. 311, § 2; 1976, ch. 567, § 2.

                    
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