rest. (1) A member's interest:

1. (a) Is personal property;

2. (b) Consists of:

   1. (I) Governance rights;
   2. (II) Financial rights; and
   3. (III) The right or obligation, if any, to do business with the limited cooperative association; and
3. (c) May be in certificated or uncertificated form.

Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 786, § 1, effective April 2, 2012.