Current through Acts effective through 7/1/2024 of the 2024 Legislative Session
Section 7-58-602 - Patron and investor members' interests(1) Unless the articles or bylaws establish investor members' interests, a member's interest is a patron member's interest.(2) Unless the articles or bylaws 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.L. 2011: Entire article added, (SB 11 -191), ch. 197, p. 787, § 1, effective 4/2/2012.