16-16-602. Patron and investor members' interests.
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16-16-602. Patron and investor members' interests.
(1)Unless the organic rules establish investor members' interests, a member's interest is a patron member's interest.
(2)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:
(a)if admitted as a patron member, remains a patron member;
(b)if admitted as an investor member, remains an investor member; and
(c)if admitted as a patron member and investor member, remains a patron and investor member if not dissociated in one of the capacities.
Enacted by Chapter 363 , 2008 General Session