Co-op Ownership Agreement

 While anyone can shop at the Orcas Food Co-op, owners receive special benefits.

Becoming a Co-op Owner

An Owner makes an investment in the Co-op by purchasing an owner equity share. The total Owner Investment is $240. Owners, as well as an Authorized Household Member and Dependents, receive all member benefits such as member discounts on goods and services, and the ability to order through our Provisions Co-op Wholesale program. Owners have the opportunity to vote on Co-op policy decisions, run for office, and be eligible to receive patronage refunds.

By completing a Membership Application and accepting membership in the Orcas Food Cooperative (The Co-op), I hereby certify that I have read carefully and agree to the following terms and conditions:

1. I will abide by the Bylaws of The Co-op.
2. I will provide The Co-op with a current mailing address.
3. If my account is inactive as defined in the Bylaws, my ownership may be terminated.
4. Owner cards issued in association with my ownership are provided solely for my use, for the use of an Authorized Household Member, and for my dependents under the age of 19.
5. The price of ownership and other Co-op policies may be changed as the need arises through a protocol outlined in The Co-op Bylaws.
6. Patronage Refunds may be issued only to paid-in-full members and will be issued at the discretion of the Board of Directors. I am liable for any taxes that may accrue for refunds I receive.
7. My Owner Investment is refundable at the discretion of The Co-op Board only if The Co-op has been operational for one year and if replacement capital is available at the time of request.
8. My ownership is not transferrable.

9. I may request a copy of this Ownership Agreement for my records.