Patron and investor members’ interests

  1. Law
  2. District of Columbia Code
  3. Business Organizations. [Enacted title]
  4. Limited Cooperative Associations
  5. Member’s Interest in Limited Cooperative Association
  6. Patron and investor members’ interests

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(a) Unless the organic rules establish investor members’ interests, a member’s interest shall be a patron member’s interest.

(b) Unless the organic rules otherwise provide, if a limited cooperative association has investor members, while a person is a member of the association, the person, if admitted as:

(1) A patron member, shall remain a patron member;

(2) An investor member, shall remain an investor member; and

(3) A patron member and investor member, shall remain a patron and investor member if not dissociated in one of the capacities.

(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)

Section References

This section is referenced in § 29-1001.09.

Editor's Notes

Uniform Law: This section is based on § 602 of the Uniform Limited Cooperative Association Act.


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