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Section 1. Property Interest of Members
Members shall have no individual or
separate interest in the property or assets of the Cooperative except that
upon dissolution after:
(a) All debts and liabilities of the Cooperative have been paid
(b) All capital furnished thorough patronage shall have been
retired as provided in these bylaws, the remaining property and assets of the
Cooperative shall be distributed among the members in the proportion which the
aggregate patronage of each member bears to the total patronage of all members
during the ten years next preceding the date of the filing of the certificate
of dissolution.
Section 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 individually liable or
responsible for any debts or liabilities of the Cooperative.
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