Article III – Rights and Liabilities of Members

Section 1. Property Interest of Memberships. Upon dissolution, after (a) all debts and liabilities of the Cooperative shall have been paid, (b) all capital furnished through patronage shall have been retired as provided in these By-Laws, and (c) all membership fees have been repaid, the remaining property and assets of the Cooperative shall be distributed among the Memberships and former Memberships during the 5 years immediately preceding the date of the filing of the Articles of Dissolution with the Indiana Secretary of State, in the proportion which the aggregate patronage of each Membership bears to the total patronage of all such Memberships, unless otherwise provided for by law.

Section 2. Non-Liability for Debts of the Cooperative. The private property of the Members shall be exempt from execution or other liability for the debts of the Cooperative; and no Member shall be liable or responsible for any debts or liabilities of the Cooperative.

Section 3. Service Obligation. The Cooperative will use reasonable diligence to furnish adequate and dependable services, but it cannot and does not guarantee uninterrupted services, nor will it always be able to provide every service desired by each individual Member.