Colorado § 7-58-602 Patron and investor members' interests

Colorado Statutes

§ 7-58-602 — Patron and investor members' interests

Colorado·Title 07 Corporations·Art. Uniform Limited Cooperative Association Act

(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.

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(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.

Colorado § 7-58-602 (Patron and investor members' interests) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.