2020 Bylaws Changes
ARTICLE I. ORGANIZATION
No changes
ARTICLE II. DEFINITIONS
No changes
ARTICLE III. MEMBERSHIP
Old:
Section 3.2 Member Types.
a. Patron Member
i. Governance Rights
(A) Voting. Persons who are Patron Members have one vote in the affairs of the Cooperative. Entities that are Patron Members shall designate one person to vote on their behalf.
(B) Board of Directors. Persons who are Patron Members have the right to run for a seat on the Board of Directors. Entities that are Patron Members shall designate one person to run on their behalf.
ii. Financial Rights
(A) Patron Members have the right to terminate membership and request repurchase of Membership Interests as described in Section 3.8 Termination of Membership.
(B) Patron Members have the right to share in the annual allocation of surplus patronage earnings on the basis of the business done with or for such patrons as described in Article V FINANCE.
New:
Section 3.2 Member Types.
a. Patron Member
i. Governance Rights
(A) Voting. Persons who are Patron Members have one vote in the affairs of the Cooperative. Entities that are Patron Members shall designate one person to vote on their behalf.
(B) Board of Directors. Persons who are Patron Members have the right to run for a seat on the Board of Directors. Entities that are Patron Members shall designate one person to run on their behalf.
ii. Financial Rights
(A) Patron Members have the right to terminate membership and request repurchase of Membership Interests as described in Section 3.8 Termination of Membership.
(B) Patron Members have the right to share in the annual allocation of surplus patronage earnings on the basis of the business done with or for such patrons as described in Article V FINANCE.
iii. Responsibilities
(A) Patron Members shall comply with the policies of the Cooperative.
ARTICLE IV: CAPITAL STRUCTURE
No changes
ARTICLE V: FINANCE
No changes
ARTICLE VI: BOARD OF DIRECTORS
No changes
ARTICLE VII: MEETINGS
No changes
ARTICLE VIII: MISCELLANEOUS PROVISIONS
No changes
