Section 87: Provisions concerning Amalgamation and Division

1) Subject to this Act, two or more Cooperative Organisations may amalgamate and division with each other, or a Cooperative Organisation may be divided into two or more Cooperative Organisations based on geographical business areas.

2) While carrying out amalgamation or division pursuant to sub-Section (1), a decision shall be taken by the majority of the total number of members of the concerned Cooperative Organisation.

3) While taking a decision of amalgamation or division pursuant to sub-Section (1), the terms and conditions of amalgamation or division shall also be stated.

4) Other provisions relating to amalgamation or division shall be as prescribed.