Division of co-operatives.
Section 23
SEC. 23. Division of co-operatives.—Any co-operative registered under this Act may, by a resolution approved by a vote of three-fourths of the members present and eligible to vote at a general assembly specifically convened for the purpose, resolve to divide itself into two or more co-operatives. The procedure for such division shall be prescribed in the regulations. The new co-operatives shall become legally established upon registration by the Administrator.