1. (1) One or more domestic cooperatives may merge with one or more foreign entities if:

   1. (a) The merger is permitted by section 7-90-203 (2);
   2. (b) The foreign entity complies with section 7-90-203.7 if it is the surviving entity of the merger; and
   3. (c) Each domestic cooperative complies with the applicable provisions of sections 7-56-602 and 7-56-603 and, if it is the surviving cooperative of the merger, with section 7-56-604.5.
2. (2) Upon the merger taking effect, the surviving foreign entity of a merger shall comply with section 7-90-204.5.

Source: L. 2007: Entire section added, p. 222, § 7, effective May 29.