Section 7-58-604 - Security interest and set-off(1) A member or transferee may create an enforceable security interest in its financial rights in a limited cooperative association.(2) Unless the articles or bylaws otherwise provide, a member may not create an enforceable security interest in the member's governance rights in, or in the right or obligation, if any, to do business with, a limited cooperative association.(3) The articles or bylaws may provide that a limited cooperative association has a security interest in the financial rights of a member to secure payment of any indebtedness or other obligation of the member to the association. A security interest provided for in the articles or bylaws is enforceable under, and governed by, article 9 of title 4, C.R.S.(4) Unless the articles or bylaws otherwise provide, a member may not compel the limited cooperative association to offset financial rights against any indebtedness or obligation owed to the association.L. 2011: Entire article added, (SB 11 -191), ch. 197, p. 788, § 1, effective 4/2/2012.