166. In the case of an absorbed cooperative, the members must, at a special meeting called for that purpose, adopt a by-law to approve the agreement and to authorize a director to sign an application for the amalgamation of the cooperatives addressed to the Minister.
The by-law must be adopted by two-thirds of the votes cast by the members or representatives present at the special meeting.
Only the board of directors may call such a meeting.
1982, c. 26, s. 166; 1995, c. 67, s. 104; 2015, c. 3, s. 21.