Idaho § 22-2622A - Consolidation and merger agreements - Voting requirements
Full text of Idaho Idaho Statutes § 22-2622A — Consolidation and merger agreements - Voting requirements, with citation guidance and answers to common questions.
§ 22-2622A. Consolidation and merger agreements - Voting requirements
A consolidation or merger of associations organized hereunder shall be effective if the agreement therefor is approved by a two-thirds (2/3) vote of those present and voting at a regularly called meeting of members, providing notice of the substance of the proposed agreement is in the notice of meeting, and provided further, a quorum is present as provided by the bylaws of each organization voting upon such consolidation or merger. The members of the associations may vote by mail if permitted by the bylaws of said voters’ associations, but not by proxy, and the votes by mail shall also be considered in determining the quorum. The failure of any member to vote or a negative vote on consolidation or merger as provided herein shall not entitle those failing to vote or voting in the negative to payment for his shares or other interests or have the value of his shares or other interests appraised, but said members shares or other interests shall be transferred to and invested in the surviving or new corporation without further act or deed.
[I.C., sec. 22-2622A, as added by 1963, ch. 42, sec. 1, p. 191.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 22-2622A
What does Idaho Statutes § 22-2622A cover?
Section 22-2622A ("Consolidation and merger agreements - Voting requirements") is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 22-2622A?
A common citation format is "Idaho Statutes § 22-2622A" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 22-2622A apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.