Section 10-2139 - Merger, interest exchange, conversion, domestication or division; definitionsA. A domestic nonprofit electric generation and transmission cooperative 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.B. Except as set forth in section 10-2141, a plan must be approved by two-thirds of the members.C. If a domestic nonprofit electric generation and transmission cooperative corporation is to be created in a merger, a conversion, domestication or a division: 1. The initial members of the corporation must consist of two or more electric utilities or persons that fulfill the requirements for being a member as prescribed by section 10-2123.2. The name of the corporation must comply with section 10-2124.D. 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. 24, eff. 12/31/2014.Amended by L. 2014, ch. 193,s. 23, eff. 12/31/2014.