Ky. Rev. Stat. § 272A.6-020

Current through 2024 Ky. Acts ch.225
Section 272A.6-020 - 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 (1) of the capacities.

KRS 272A.6-020

Added by 2012 Ky. Acts ch. 160,§ 46, eff. 7/11/2012.