Patron and investor members' interests.

  1. Law
  2. Colorado Revised Statutes
  3. Corporations And Associations
  4. Uniform Limited Cooperative Association Act
  5. Patron and investor members' interests.

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(1) Unless the articles or bylaws establish investor members' interests, a member's interest is a patron member's interest.

(2) Unless the articles or bylaws otherwise provide, if a limited cooperative association has investor members, while a person is a member of the association, the person:

  1. If admitted as a patron member, remains a patron member;

  2. If admitted as an investor member, remains an investor member; and

  3. If admitted as a patron member and investor member, remains a patron and investormember if not dissociated in one of the capacities.

Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 787, § 1, effective April 2, 2012.


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