<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>68676</law_id><section_number>13.1-339</section_number><catch_line>Merger or consolidation</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="13.1">Corporations</unit><unit label="chapter" level="2" order_by="1" identifier="3">Cooperative Associations</unit><unit label="article" level="3" order_by="1" identifier="2">Agricultural Cooperative Associations</unit></structure><text>
						<section><p>Associations shall have the power to merge or consolidate with any other like associations. Such merger or <span class="dictionary">consolidation</span> shall be effected in accordance with the general provisions of <span class="dictionary">law</span> providing for the merger or <span class="dictionary">consolidation</span> of other corporations insofar as applicable, and where not applicable in a manner analogous to that set forth in said provisions. In effecting such merger or <span class="dictionary">consolidation</span>, two-thirds of the members voting thereon at any regular meeting, or special meeting called for the purpose, shall take such action as is required of stockholders. The fair cash value of the stock or membership of any dissenting member shall be taken to mean the amount to which said member would be entitled by way of distribution of <span class="dictionary">assets</span> if said association were dissolved.</p></section></text><history>Code 1950, &#xA7; 13-259; 1956, c. 428.</history><metadata></metadata></law>
