KRS 272A.1-130: Dual capacity -- Business transactions of member with limited

cooperative association.

(1) A person may have a patron member's interest and an investor member's interest.

(2) When a person acts as a patron member, the person is subject to this chapter and the

organic rules governing patron members.

(3) When a person acts as an investor member, the person is subject to this chapter and

the organic rules governing investor members.

(4) Subject to KRS 272A.8 -180 and 272A.8 -190 and except as otherwise provided in

the organic rules or a specific contract relating to a transaction, a member may lend

money to and transact other business with a limited cooperative association in the

same manner as a person that is not a member.