Submission of conversion proposition to stockholders--Notice of meeting

The proposition for the conversion of the corporation described in § 47-21-22 into a cooperative and proposed articles of conversion to give effect thereto shall be submitted to a meeting of the members or stockholders of such corporation, or in case of a corporation having no members or stockholders, to a meeting of the incorporators of such corporation, the notice of which shall have attached thereto a copy of the proposed articles of conversion. Source: SL 1947, ch 33, § 20; SDC Supp 1960, § 11.2220 (1).