Washington Code 23.100.0502 – Patron and investor members’ interests
Current as of: 2023 | Check for updates
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(1) Unless the organic rules establish investor members’ interests, a member’s interest is a patron member’s interest.
Terms Used In Washington Code 23.100.0502
- person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
(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.
[ 2019 c 37 § 502.]