What happens if a member chooses to leave the Co-op?

We’d be sad to ever see a Co-op member go, but should a member decide to part ways, their $1 USD share(s) will be re-purchased by the Co-op.

Class C (Contributors) may request a voluntary account closure at any time to begin the process.

From Stocksy's Co-op Rules

1.  MEMBERSHIP

1.9 Voluntary Account Closure

1. Any member may withdraw from Stocksy membership by sending notice via email to legal@stocksy.com stating the member’s desire to withdraw from Stocksy.

2. Withdrawal of a member is effective on the date Stocksy closes the member’s account.

3. The process of how a member’s assets are handled will be determined by Stocksy and the board from time to time, as defined in the member agreement.

1.12 Account Offboarding

1. All rights and privileges that come with membership will cease when an account is closed, except the right to offboard content, receive any final royalty or patronage payments and share redemption due.

2. Ending a membership does not release the former member from any debt or obligation owed to Stocksy unless the instrument of debt or obligation states otherwise.

3. Stocksy’s deactivation policy in place at the time of the account closure will apply to all content.

    

2.  SHARES

2.3 Transfer of membership shares

Membership interests and shares in Stocksy are non-transferable.

2.4 Share redemption

1. Subject to the Act, any time a membership ends, in any class, by any means, Stocksy has 90 days from the date of account closure to redeem the former member’s shares.

2. Upon redemption, a member is entitled to the value of the share ($1.00 USD).

2.5 Shares following death or bankruptcy of a member

1. Redemption of shares following death or bankruptcy of a member will be handled in accordance with rule 2.4.