Section 602 - Patron and investor members' interests.

UT Code § 16-16-602 (2019) (N/A)
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(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) 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.

(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.