Ownership Application

$150.00$300.00

There are two options for ownership: Owner and Founding Owner.

A founding owner pays for one share at $150 and an additional contribution of $150 to keep the co-op going. For your patronage and support, we will recognize all Founding Owners with in-store recognition that will be decided when we begin to design the store.

After reading the applicants statement below, you can make your selection.

Applicant’s Statement: I hereby apply for ownership in the Silverton Food Co-op and agree to abide by the articles of incorporation and bylaws of the association and amendments thereto, now and hereafter in effect, copies of which have been made available for inspection at https://silvertonfood.coop/about/bylaws/. I certify that I am a consumer interested in buying the products offered by Silverton Food Co-op; I commit to patronizing the co-operative on a regular basis; I have tendered the purchase price of one share; and I have met such other qualifications for ownership as have been explained to me.

*It is assumed that the person filling out this form is the primary account holder. The primary account holder receives the right to vote which is correspondent to the member account, regardless of how many adults of the same household utilize the account. If the other adult(s) want the full right of membership, they must apply for ownership separately.

I certify that all of the forgoing information is correct. I understand that by submitting payment and submitting this form, I am applying for ownership in Silverton Food Co-op. I understand that I will be contacted by Silverton Food Co-op regarding my membership status.

As with any investment, your ownership share is subject to risk. If the Co-op is unsuccessful, the Board of Directors will determine the distribution of remaining assets after all debts are paid. In this unlikely event, every effort will be made to refund the paid portion of your owner equity share.

 


 

Please select an option below: