Wyoming Statutes
§ 17-10-233 — Allocations and distributions to members
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 10 COOPERATIVE MARKETING ASSOCIATIONS·Art. 2 PROCESSING COOPERATIVE
(a)The bylaws shall prescribe the allocation of profits
and losses between patron membership interests collectively and
other membership interests. If the bylaws do not otherwise
provide, the profits and losses between patron membership
interests collectively and other membership interests shall be
allocated on the basis of the value of contributions to capital
made by the patron membership interests collectively and other
membership interests and accepted by the cooperative. The
allocation of profits to the patron membership interests
collectively shall not be less than fifteen percent (15%) of the
total profits in any fiscal year.
(b)The bylaws shall prescribe the distribution of cash or
other assets of the cooperative among the membership interests
of the cooperative. If not otherwise
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Nearby Sections
15
§ 17-10-101
Purpose of chapter§ 17-10-103
Formation§ 17-10-104
Purposes§ 17-10-107
Certificate of incorporation; amendment§ 17-10-109
Powers§ 17-10-110
Members and stock generally§ 17-10-113
Removal of officers or directors