Patron and investor members’ interests.

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PATRON AND INVESTOR MEMBERS’ INTERESTS.

(a) Unless the organic rules establish investor members’ interests, a member’s interest is 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:

(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 investor member if not dissociated in one of the capacities.

Added by Laws 2009, c. 68, § 58, eff. Jan. 1, 2010.


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