Section 1. Property Interest of Members.
Upon dissolution, after
(a) All debts and liabilities of the Cooperative shall have been paid, and
(b) All capital furnished through patronage shall have been retired as provided in these bylaws; then the remaining property and assets of the Cooperative shall be distributed among the members and former members in the proportion which the aggregate patronage of each bears to the total patronage of all members during the ten years next preceding the date of the filing of the certificate of dissolution.
Section 2. Nonliability for Debts of the Cooperative.
The private property of the members shall be exempt from execution or other liability for the debts of the Cooperative and no member shall be liable or responsible for any debts or liabilities of the Cooperative.
Section 3. Liabilities for Debts of the Cooperative.
Any time any property or money, including but not limited to any repayment of a membership fee, repayment of overcharge or retirement of patronage capital, shall become due, deliverable or payable to a member, the Cooperative shall, before delivering or paying to that member or his or her estate any property or money, deduct from that property or money the amount of all debts due from that member or his or her estate to the Cooperative.