VOTING REQUIREMENTS FOR MEMBERS. If a limited cooperative association has both patron and investor members, the following rules apply:
(1) The total voting power of all patron members may not be less than a majority of the entire voting power entitled to vote.
(2) Action on any matter is approved only upon the affirmative vote of at least a majority of:
(3) The organic rules may provide for the percentage of the affirmative votes that must be cast by investor members to approve the matter.
Added by Laws 2009, c. 68, § 53, eff. Jan. 1, 2010.