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House Journal: Page 722: Monday, March 16, 1998

 4   inserting the following:  "vote of the members of the
 5   farmers cooperative association present or represented
 6   having voting privileges, at an annual meeting or
 7   special meeting of the membership, provided that at
 8   least ten days' prior written notice of the impending
 9   membership vote has been mailed to all members of the
10   association with a copy or summary of the resolution."
Amendment H-8407 was adopted.
Greig of Emmet rose on a point of order that amendment H-8373,
as amended, was not germane.
The Speaker ruled the point not well taken and amendment H-8373,
as amended, germane.
Weigel of Chickasaw moved the adoption of amendment H-8373, as
amended.
A non-record roll call was requested.
The ayes were 36, nays 49.
Amendment H-8373 lost.
Koenigs of Mitchell offered the following amendment H-8391 filed
by him and moved its adoption:

H-8391

 1     Amend House File 2335 as follows:
 2     1.  Page 8, by inserting after line 23 the
 3   following:
 4     "Sec. ___.  NEW SECTION.  10.8A  DISSENTING MEMBERS
 5   AND SHAREHOLDERS.
 6     If a farmers cooperative association is acquiring
 7   agricultural land or acquiring an interest in a
 8   farmers entity, the farmers cooperative association
 9   shall notify its members and shareholders prior to the
10   acquisition.  The notice shall be delivered to each
11   member and shareholder in person or by mail directed
12   to each member's or shareholder's address as shown on
13   the books of the association.  A member or shareholder
14   of the farmers cooperative association may dissent, by
15   filing a demand within twenty days after the farmers
16   cooperative association delivers the notice.  The
17   farmers cooperative association shall pay to the
18   member or shareholder, upon surrender of that person's
19   certificate of membership or shares of stock, the fair
20   value of that member's or shareholder's interest as
21   provided in section 499.66 as if a member were
22   dissenting to a merger or consolidation.  A member or
23   shareholder who fails to make demand within the

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URL: /DOCS/GA/77GA/Session.2/HJournal/00700/00722.html
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