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The Laws of New York
Consolidated Laws of New York
CHAPTER 77
Cooperative Corporations
ARTICLE 5
Miscellaneous Provisions
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SECTION 70
Marketing contract
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ARTICLE 5
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SECTION 72
Reserves, net margins, net retained proceeds, distributions, and patronage refunds
This entry was published on 2014-09-22
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SECTION 71
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.