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This entry was published on 2014-09-22
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SECTION 122
Purchase of stock, assets or business of other corporations
Cooperative Corporations (CCO) CHAPTER 77, ARTICLE 7
§ 122. Purchase of stock, assets or business of other corporations.
An agency corporation organized under this article may purchase stock or
property or any interest in any property of any person, firm,
corporation or association, and may discharge the obligations so
incurred wholly or in part, by exchanging for the acquired interest
shares of its preferred capital stock to an amount which at par value
would equal the fair market value of the stock or interest so purchased
as determined by the board of directors.

A corporation organized under the provisions of this article shall
have the right to hold, own and exercise all rights of ownership in, and
to sell, transfer or pledge, shares of capital stock or bonds of any
other corporation engaged in any related activity including, but not as
a limitation, the warehousing, handling or marketing, in whole or in
part, of any of the products handled by the corporation.