(1) The resolution on change of legal form also must include the by-laws of the cooperative society. It is not required that the by-laws be signed by the members.
(2) The resolution on change of legal form must provide for each member to have an ownership interest of at least one business share. The resolution may also determine that each member will obtain an ownership interest of at least one business share in the acquiring cooperative society and in all other cases will obtain an ownership interest comprising as many business shares as are to be regarded as having been fully paid in when the amount of the member’s capital contribution to the cooperative society being acquired is credited.