AMENDMENT OR RESTATEMENT OF ARTICLES OF ORGANIZATION; FILING.
(a) To amend its articles of organization, a limited cooperative association must deliver to the Secretary of State for filing an amendment of the articles, or restated articles of organization or articles of conversion or merger pursuant to Article 16 of the Uniform Limited Cooperative Association Act of 2009, which contain one or more amendments of the articles of organization, stating:
(1) The name of the association;
(2) The date of filing of the association’s initial articles; and
(3) The changes the amendment makes to the articles as most recently amended or restated.
(b) Before the beginning of the initial meeting of the board of directors, an organizer who knows that information in the filed articles of organization was inaccurate when the articles were filed or has become inaccurate due to changed circumstances shall promptly:
(1) Cause the articles to be amended; or
(2) If appropriate, deliver an amendment to the Secretary of State for filing pursuant to Section 23 of this act.
(c) If restated articles of organization are adopted, the restated articles may be delivered to the Secretary of State for filing in the same manner as an amendment.
(d) Upon filing, an amendment of the articles of organization or other record containing an amendment of the articles which has been properly adopted by the members is effective as provided in subsection (c) of Section 23 of this act.
Added by Laws 2009, c. 68, § 39, eff. Jan. 1, 2010.
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