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This entry was published on 2014-09-22
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Purchasing business of other corporations or persons
Cooperative Corporations (CCO) CHAPTER 77, ARTICLE 5
§ 71. Purchasing business of other corporations or persons. Whenever a
corporation shall purchase the business of another corporation or
person, it may make payment wholly or partly by the issue of shares or
other securities to an amount which at par value would equal the fair
market value of the business so purchased; and such securities shall
thereupon be deemed fully paid for.