We wanted to make it clear that when people sign up, they are not simply "paying dues" to belong to a club; rather, they are purchasing shares in our organization, and therefore become part owners of our store.
There was never any specific language about household ownership in the AOI or Bylaws. After extensive research by the Board, including receiving counsel from two lawyers and a Bylaws expert, it was clear that the law allows for only one owner. We are making this change to clarify that.
When ownership needs to be determined, the Co-op will look back at who signed the original application for ownership. If both partied signed, the Co-op will leave it up to the owners to decide who owns the shares.
The Co-op is not planning to change our practices regarding how voting is handled. The ballot will still be given to the first person from the ownership who checks in at the meeting.
Organizations, such as The Wiscoy Co-op, can become owners of the Co-op.