Membership capital definition

Membership capital means the funds of a cooperative association derived from members of the cooperative association generally as a requirement of membership or in lieu of patronage dividends. The term does not include deposits or loans from members.
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Membership capital means that capital paid to a nonstock association by a member in order to be a member and have the rights of membership in the association.
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Membership capital means those funds of the association derived from the members generally either as a requirement of membership or in lieu of patronage dividends. Deposits and loans from members shall not be construed as "membership capital."
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Related to Membership capital

  • Membership Card means a card issued by the Club to indicate membership of a Membership Scheme.

  • Membership date means the date upon which the member began participating in the system as provided in KRS 78.615;

  • Unit Capital means the aggregate of the face value of units issued under the scheme and outstanding for the time being.

  • Membership Units means membership interests in the Company.