16-16-1101. Member’s dissociation. (1) A person has the power to dissociate as a member at any time, rightfully or wrongfully, by express will. (2) Unless the organic rules otherwise provide, a member’s dissociation from a limited cooperative association is wrongful only if the dissociation: (a) breaches an express provision of the organic rules; or (b) […]
16-16-1102. Effect of dissociation as member. (1) Upon a member’s dissociation: (a) subject to Section 16-16-1103, the person has no further rights as a member; and (b) subject to Section 16-16-1103 and Part 16, Conversion and Merger, any financial rights owned by the person in the person’s capacity as a member immediately before dissociation are […]
16-16-1103. Power of estate of member. Unless the organic rules provide for greater rights, if a member is dissociated because of death, dies, or is expelled by reason of being adjudged incompetent, the member’s personal representative or other legal representative may exercise the rights of a transferee of the member’s financial rights and, for purposes […]
