Become a member-owner of BisMan Community Food Co-op!
Please allow 7 days for your membership to become active in the store. If you'd like it quicker, please visit us in the store and become a member-owner right away!
BisMan Community Food Cooperative Membership Agreement
I hereby apply for membership in the BisMan Community Food Co-op (also referred to as BCFC). With my investment, as further described below, I become a member and part owner of BCFC. Member-owner equity is used for the development, operation, and expansion of this Bismarck-Mandan area business.
I understand that membership is subject to the terms and conditions set forth in BCFC’s Articles of Incorporation and Bylaws. I understand that the individual signing this Membership Agreement is the person who will have voting rights in the cooperative. I may list additional household members who may use my member number.
Once the full investment is made, no additional investments are necessary unless the member-owners authorize an increase in the membership investment amount. I understand that my investment is subject to the same risks inherent in any start-up enterprise, and that such risk may result in the loss of part or all of my investment funds. Membership refund and buy-back policies are located in the Bylaws.
Patronage Refunds are at the discretion of the Board of Directors; only paid-in-full members are eligible to receive them. I am liable for any taxes that may accrue in accordance with IRC Section 1385 for refunds I receive.