Becoming a Member

(a)For a limited cooperative association with more than one

(1)member upon formation, those persons become members as agreed by the persons before the formation of the association. The organizer acts on behalf of the persons in forming the association and may be, but need not be, one

(1)of the persons.

(b)After formation of a limited cooperative association, a person becomes a member:

(1)as provided in the organic rules;

(2)as the result of a transaction effective under Article 16;

(3)with the affirmative vote or consent of all the members; or

(4)as provided in § 171202(a)(3).