Article XI
Disposition of Property
The board of directors shall have power to sell, lease, exchange, mortgage, pledge or to make other disposition of the business, property, assets or franchises of the Cooperative upon such terms and conditions and for such considerations, which may consist in whole or in part of money or property, real or personal, as shall be authorized by said board.
Whenever it is proposed that the Cooperative sell, exchange, lease or make any other disposition of a
principal part or all of the business, assets, property or franchises of the Cooperative not in the usual course of the business of the Cooperative, such sale, exchange, lease or other disposition shall not be made unless and until authorized at a meeting of the members of the Cooperative by an affirmative vote of not less than two-thirds of all the members of the Cooperative, and unless notice of such proposed sale, exchange, lease or other disposition shall have been contained in a notice of said meeting delivered
personally or mailed at least forty-five days prior to the day of said meeting.
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P.O. Box 738 || 20169 US Hwy 34 || Fort Morgan, CO 80701
Phone: 970.867.5688 || Fax: 970.867.3277
