§18-441-602. Patron and investor members’ interests.
107 words·~1 min read·
/ok/title-18-corporations/18-441-602·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.