272A.6-020 Patron and investor members' interests. (1) Unless the organic rules establish investor members' interests, a member's interest is a patron member's interest. (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) (b) (c) If admitted as a patron member, remains a patron member; If admitted as an investor member, remains an investor member; and If admitted as a patron member and investor member, remains a patron and investor member if not dissociated in one (1) of the capacities. Effective: July 12, 2012 History: Created 2012 Ky. Acts ch. 160, sec. 46, effective July 12, 2012.
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