According to Stocksy United's governing documents (Co-op Rules), Class A members may purchase up to 200 shares. Class B members may purchase one additional share after each additional year of service. Class C members may only purchase a single membership share.
Regardless of the number of shares owned, each member is on equal standing and has only a single vote: 1 member = 1 vote.
Share ownership does not affect patronage dividend payments for Class A or Class C members. Shares are only considered when allocating patronage payments for Class B members since each member is paid in proportion to their years of service with Stocksy.
Read more about patronage distribution here.
From Stocksy's Co-op Rules
2. SHARES
2.1 Share structure
Stocksy’s authorized share structure is set out in the memorandum.
2.2 Membership shares
Membership shares will be valued at $1.00 USD.
Stocksy will not allot membership shares until a member has paid for the shares.
Class C share purchases will occur automatically upon the member’s first sale, will not exceed 1 share per membership, and will be recorded in the register of members, as well as in the member’s account information.
Classes A and B share purchases will be handled as directed by the board and in accordance with the Memorandum, and Class A share purchases will not exceed 200 shares per member.
All holders of membership shares will be entitled to receive notice of, and to attend and cast one vote at every meeting of the members or on every resolution brought before the members.
All holders of membership shares will be entitled to patronage returns in accordance with the Act, these Rules, and any member agreements.
2.3 Transfer of membership shares
Membership interests and shares in Stocksy are non-transferable.
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