| (1) |
Unless the organic rules establish investor members’ interests, a member’s interest is a patron member’s interest. |
Terms Used In Utah Code 16-16-602
| (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 of the capacities. |
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Enacted by Chapter 363, 2008 General Session
