Voting requirements for members

If a limited cooperative association has both patron and investor members, the following rules shall apply: (1) The total voting power of all patron members shall not be less than a majority of the entire voting power entitled to vote. (2) Action on any matter shall be approved only upon the affirmative vote of at least a majority of: (A) All members voting at the meeting unless more than a majority is required by subchapters IV, XII, XIV, or XV of this chapter or the organic rules; and (B) Votes cast by patron members unless the organic rules require a larger affirmative vote by patron members. (3) The organic rules may provide for the percentage of the affirmative votes that must be cast by investor members to approve the matter.