Section 10-2073 - Merger, interest exchange, conversion, domestication or division; definitionsA. A domestic electric cooperative nonprofit membership corporation may be a party to or otherwise undertake a merger, an interest exchange, a conversion, a domestication or a division by complying with chapter 34 of this title and title 29, chapter 6. A plan must be approved by two-thirds of the members.B. If a domestic electric cooperative nonprofit membership corporation is to be created in a merger, a conversion, a domestication or a division, both of the following apply: 1. The initial members of the corporation must consist of five or more natural persons or two or more cooperatives in accordance with section 10-2053.2. The name of the corporation must comply with section 10-2054.C. For the purposes of this section: 1. "Conversion" means a transaction authorized by title 29, chapter 6, article 4.2. "Division" means a transaction authorized by title 29, chapter 6, article 6.3. "Domestication" means a transaction authorized by title 29, chapter 6, article 5.4. "Interest exchange" means a transaction authorized by title 29, chapter 6, article 3.5. "Merger" means a transaction authorized by title 29, chapter 6, article 2.6. "Plan" means a plan of merger, interest exchange, conversion, domestication or division.Amended by L. 2014, ch. 193,s. 20, eff. 12/31/2014.Amended by L. 2014, ch. 193,s. 19, eff. 12/31/2014.