(1) Sections 29 to 34 are not to be applied to members of a cooperative society being acquired.
(2) Shares of the acquiring legal entity, and memberships therein, resulting from the effects of the merger will be deemed to not have been acquired if a given member rejects them.
(3) Each member of a cooperative society being acquired will have the right to reject shares or memberships at the general assembly or, if they are a representative, at the assembly of representatives that is to adopt a resolution in accordance with section 13 (1) regarding the consent to the merger agreement, if:
1. they appear at such assembly and state for the record that they object to the merger resolution; or if
2. they do not appear because they have not been admitted to the assembly, without this refusal to admit them being justified, or because the assembly has not been properly convened, or because no proper notice has been published regarding the subject matter of the resolution to be adopted.
Where the merger resolution of a cooperative society being acquired is adopted by an assembly of representatives, any other member of said cooperative society that is not a representative at the time the resolution is adopted likewise is entitled to the right of rejection.