§ 602.
111 words·~1 min read·
/vt/602A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 602. Patron and investor member’s 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 mutual benefit enterprise has investor members, while a person is a member of the enterprise, 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 an investor member remains a patron and an investor member if not dissociated in one of the capacities. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)