Patron and investor members’ interests.
Unless the organic rules establish investor members’ interests, a member’s interest shall be a patron member’s interest. 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, if admitted as: A patron member, shall remain a patron member; An investor member, shall remain an investor member; and A patron member and investor member, shall remain a patron and investor member if not dissociated in one of the capacities.
Annotations
July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720 Uniform Law: This section is based on § 602 of the Uniform Limited Cooperative Association Act. This section is referenced in § 29-1001.09.
Sourced from the DC Council Open Law Library (public domain).
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