Terms & Conditions
· I hereby subscribe for and intend to purchase a share for ownership at Just Local Food Cooperative at $150 per share for a total equity requirement of 1 share.
· I understand that this application is subject to the Articles of Incorporation and the Bylaws of the Cooperative.
· I agree that only the primary and secondary owners listed on the application will use this ownership.
· I understand that if my ownership has been inactive for more than three consecutive years, I will no longer be an owner of Just Local Food Cooperative, my ownership will be canceled and my shared donated to the Cooperative.
· I understand that the Legal Member of Record is the person to whom all co-op mailings are addressed, is the official voting owner in all co-op elections, and will receive and and all monies potentially disbursed, including patronage rebates and a refund of equity.
· I understand that all owners may terminate ownership and receive a refund of equity purchased (less a $10 administration fee) by tendering their resignation in writing to the Board of Directors in accordance with Just Local Food Cooperative By-Laws.