(a) Unless the organic rules establish investor members' interests, a member's interest shall be a patron member's interest.
(b) 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:
(1) A patron member, shall remain a patron member;
(2) An investor member, shall remain an investor member; and
(3) A patron member and investor member, shall remain a patron and investor member if not dissociated in one of the capacities.
CREDIT(S)
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
HISTORICAL AND STATUTORY NOTES
Legislative History of Laws
For history of Law 18-378, see notes under § 29-101.01.
Uniform Law:
This section is based on § 602 of the Uniform Limited Cooperative Association Act . See Vol. 6A , Uniform Laws Annotated, Master Edition or ULA Database on Westlaw.