Section 62-15-33 - Conversion of corporations organized under Laws 1937, Chapter 100, into cooperatives under the Rural Electric Cooperative Act, as amended

A corporation created under Laws 1937, Chapter 100 shall be converted into a cooperative authorized to do business and entitled to all privileges and immunities of a cooperative under the Rural Electric Cooperative Act, as amended, being Laws 1939, Chapter 47, as amended, upon the adoption of a resolution to such effect by its board of directors. History: 1953 Comp., § 45-4-33, enacted by Laws 1967, ch. 102, § 1. ANNOTATIONSCompiler's notes. — Laws 1939, ch. 47, § 34, repealed Laws 1937, ch. 100.