If I move or just decide to quit the Co-op do I get my money back?
Flying Bike has members all over the US; you don’t have to live in Seattle, or even Washington, to be a member!
A member’s voting share is returned to the Co-op when membership in the Co-op is terminated under the conditions set forth in the Co-op’s Articles of Incorporation and Bylaws However, only members in Washington State are eligible to purchase Flying Bike preferred shares. If the Board finds that a member is no longer eligible to own Shares in the Cooperative or who has otherwise become ineligible for membership, then the Board has the right to redeem the Shares at an amount equal to the value of the consideration for which the Shares were issued. Upon such redemption, the ineligible holder ceases to be a member, to have voting rights and to receive a patronage dividend.