Merger and consolidation

185.61 (2) (b) as provided in s. 185.61 (4). (3) If stockholders are entitled to vote on an amendment, the amendment is adopted only if all of the following conditions are met: (a) Notice of the meeting, an exact copy of the proposed amendment and a ballot thereon have been sent to each member and each affected stockholder. (b) Two-thirds of the member votes cast thereon approve. (c) Two-thirds of the votes of affected stockholders cast thereon approve. (4) This section shall not apply to stock issued prior to June 30, 1956, unless the cooperative adopts an amendment to its articles making such stock subject to this section. As to such stock, the amendment shall be adopted in the manner and by the vote required prior to July 13, 1955. History: 1985 a. 30 s. 27, 28, 42; 1993 a. 482.