- This topic is empty.
Viewing 1 post (of 1 total)
-
Posts
-
Patron Shareholders are traditionally people who are connected to the Cooperative because they are involved in the same Industry. Currently CHPC Paton Shares are $100 per share. By Limited Cooperative Association (LCA) Statutes, LCAs make no profits themselves, but all allocated distributable revenues may go directly to Shareholders once a year. LCA Statutes mandate that at least 50% of all distributed revenues are paid to Patron Shareholders, and the amount they receive will be on a pro rata basis in perpetuity. Per LCA Statutes, all Patron Shareholders get one (1) vote in all shareholder voting issues regardless of how many shares they own.
Viewing 1 post (of 1 total)
- You must be logged in to reply to this topic.
