The Financial Institutions Merger Act Article 10

For mergers of a credit cooperative or insurance cooperative, a resolution shall be adopted by two-thirds or more of the members or representatives of members present at a members or representatives of members meeting attended by all members or three-fourths or more of representatives of members.If the resolution referred to in the preceding paragraph is adopted in a general representatives of members meeting, the credit cooperative and insurance cooperative shall give a written notice containing the resolution and particulars to be recorded in the merger agreement to the non-representative members or make a public announcement in the manner provided in Paragraph 2 of the preceding Article, and specify an objection period of not less than 30 days. Dissenting members shall make objections in writing within the specified period. When one-third or more members raise an objection, the original resolution shall become void. Those who fail to make their objection within the said time limit shall be deemed to have agreed.