Other considerations of directors.

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(1) Unless the articles otherwise provide, in considering the best interests of a limited cooperative association, a director of the association in discharging the duties of director, in conjunction with considering the long- and short-term interest of the association and its members, may consider:

  1. The interest of employees, customers, and suppliers of the association;

  2. The interest of the community in which the association operates; and

  3. Other cooperative principles and values that may be applied in the context of thedecision.

Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 796, § 1, effective April 2, 2012.


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