Membership Bylaws - Article II
Rights and Liabilities of Members
SECTION 2.1 Property Interest of Members.
Upon dissolution, after
(a) all debts and liabilities of
the Cooperative shall have been paid, and
(b) all capital furnished through
patronage shall have been retired as provided in these bylaws,
the remaining property and assets of the Cooperative shall be distributed among the
members and former members in the proportion which the aggregate patronage of each
bears to the total patronage of all members during the seven years next preceding
the date of the filing of the certificate of dissolution, or, if the Cooperative
shall not have been in existence for such period, during the period of its existence.
SECTION 2.2 Non-Liability for Debts of the Cooperative.
The
private property of the members shall be exempt from execution or other liability
for the debts of the Cooperative and no member shall be liable or responsible for
any debts or liabilities of the Cooperative.