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This entry was published on 2014-09-22
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Amendment of articles of incorporation
Rural Electric Cooperative (REL) CHAPTER 77-A, ARTICLE 3
§ 30. Amendment of articles of incorporation. A cooperative may amend
its articles of incorporation by complying with the following
requirements: The proposed amendment shall be presented to a meeting of
the members, the notice of which shall set forth or have attached
thereto the proposed amendment. If the proposed amendment, with any
changes, is approved by the affirmative vote of not less than two-thirds
of those members voting thereon at such meeting, articles of amendment
shall be executed and acknowledged on behalf of the cooperative by its
president or vice-president and its seal shall be affixed thereto and
attested by its secretary. The articles of amendment shall recite that
they are executed pursuant to this chapter and shall state: (1) the name
of the cooperative; (2) the address of its principal office; and (3) the
amendment to its articles of incorporation. The president or
vice-president executing such articles of amendment shall make and annex
thereto an affidavit stating that the provisions of this section in
respect of the amendment set forth in such articles were duly complied