Common use of Retiring Capital Credits Clause in Contracts

Retiring Capital Credits. The Cooperative may retire and pay Capital Credits allocated to Patrons and former Patrons as provided in this Bylaw. If the Cooperative retires and pays Capital Credits, then the Cooperative must retire and pay Capital Credits in a Patron’s name as shown in the Cooperative’s records, regardless of the Patron’s marital status. If the Cooperative mails a retired Capital Credit payment, then the Cooperative shall mail the payment to the Patron or former Patron’s address as shown in the Cooperative’s records.

Retiring Capital Credits. The Cooperative may retire and pay Capital Credits allocated to Patrons Members and former Patrons Members as provided in this Bylaw. If the Cooperative retires and pays Capital Credits, then the Cooperative must retire and pay Capital Credits in a PatronMember’s name as shown in the Cooperative’s records, regardless of the PatronMember’s marital status. If the Cooperative mails a retired Capital Credit payment, then the Cooperative shall mail the payment to the Patron or former Patron’s address as shown in the Cooperative’s records.