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Sample Membership Agreement: Rights As A Member of The Co-Operative

This document outlines a sample membership agreement between an individual and a co-operative. As a member, one is entitled to voting rights, participation in governance, information about finances, and patronage rebates or dividends. In return, members must participate in meetings, support the mission, follow policies, use services, and make a financial contribution. The co-operative is obligated to provide notice of meetings, maintain transparency, act in members' best interests, and redeem shares if a member leaves. The individual agrees to the terms, purchases shares, and signs the agreement.

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Weng R. Jimenez
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227 views2 pages

Sample Membership Agreement: Rights As A Member of The Co-Operative

This document outlines a sample membership agreement between an individual and a co-operative. As a member, one is entitled to voting rights, participation in governance, information about finances, and patronage rebates or dividends. In return, members must participate in meetings, support the mission, follow policies, use services, and make a financial contribution. The co-operative is obligated to provide notice of meetings, maintain transparency, act in members' best interests, and redeem shares if a member leaves. The individual agrees to the terms, purchases shares, and signs the agreement.

Uploaded by

Weng R. Jimenez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Sample Membership Agreement

This agreement outlines the rights and responsibilities of an individual that has
purchased a membership in the Co-operative and the obligations of the Co-operative to
those members.

Rights as a member of the co-operative

As a member of the co-operative I am entitled to:


 Have one vote at general and other co-op meetings and receive proper notice of
meetings
 Serve on a committee or run for a position on the board of directors
 Participate in the co-operatives operations and governance
 Raise concerns or issues I identify with the co-operative
 Receive information about the co-operative’s financial status and other important
processes or decision (e.g. resolutions).
 Receive patronage rebated in accordance with my use of the co-operative
 Receive dividends on shares held in the co-operative

Responsibilities as a member of the co-operative

As a member of the co-operative I have a responsibility to:


 Participate in the governance of the co-operative through attendance of general
meeting, voting on decisions, asking questions, and participating on boards and
committees
 Support the mission, vision, and goals of the co-operative
 Adhere to the policies and procedures of the co-operative set out in the
organizational documents and created by the board
 Support the co-operative’s operations by using its services or contributing to the
delivery of services
 Learn more about the co-operative’s operations and organizational capacity
 Support the capitalization of the co-operative by making a financial contribution

Obligations of the co-operative to members

As a member of the co-operative, I understand that the co-operative is obligated to:


 Provide notice of meetings and information on ways that I can participate in the
co-operatives governance
 Maintain a transparent and efficient system of decision-making that is inclusive
of the membership and supportive of the mission and vision of the co-operative
 Conduct business, through the board or staff, that is in the best interest of the co-
operative and its members
 Use my financial contribution effectively and responsibly and redeem my shares
in the event I leave the co-operative
Declaration

I _________________________ understand the rights and responsibilities of


membership in the Co-operative and agree to them. I agree to buy __ membership
shares with a par value of $____ and ___ investment shares at a value of $____.

Signature: _____________________________ Date: ___________________

Name: _______________________________

Address: _____________________________

Phone: ______________________________

E-mail: ______________________________

Board member: _________________________ Date: ____________________

Disclaimer: While much of the content in this sample agreement has been influenced by
co-operatives in western Canada, it does not apply to any single organization and can be
used without risk of plagiarism. This content should be customized to match the values,
ideas, and intentions of each individual co-op.

https://coopcreator.ca/resource/sample-membership-agreement/

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