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    Marketing contract
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    Miscellaneous Provisions
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  • SECTION 72
    Reserves, net margins, net retained proceeds, distributions, and patronage refunds
    • Viewing most recent revision (from 2014-09-22)

    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.