Membership Agreement


By becoming a shareholder/member of the Marquette Brewing Cooperative, Inc. each shareholder/member is aware of and agrees to the following:

  1. I certify that I am at least 21 years old, not already a member of Marquette Brewing Cooperative, Inc. (the Co-op), and that the information I have provided above is complete and correct.
  1. I agree to be bound by the policies and bylaws of the Co-op, and understand that they are subject to change through processes set forth therein.
  1. I understand that while purchase of a membership unit represents an equity investment in the Co-op, it is not a security. Membership units in the Co-op are not transferable and do not appreciate in value. Further, dividends will be paid on a patronage basis, and issued at the discretion of the Board of Directors.
  1. I agree to maintain a valid electronic and/or physical address with the Co-op. I understand that should I not do so, my membership may be terminated by the process set forth in the Co-op's Articles and/or Bylaws.
  1. I agree to receive communications from the Co-op electronically and/or through the United States Postal Service.
  1. I acknowledge the voting rights afforded to Active Members and understand that proxy voting is prohibited.
  1. I understand that my membership is redeemable only upon the terms and conditions set forth in the Co-op's Articles and Bylaws.
  1. I understand that as a member in the Co-op I consent to account for, in the manner and to the extent required by federal and state tax law, the patronage refund received from the Co-op.
  1. I understand that the price of a membership unit may change, subject to the discretion of the Board of Directors. Should the price change, I will not be expected to pay any additional funds, nor will I receive any refund. Further, all membership benefits ancillary to those set forth in the Co-op's Articles and Bylaws are elective and may be changed, suspended, or canceled at any time.  
  1. I understand that my membership funds are subject to risks inherent in any start-up enterprise, as well as unique risks associated with operating in a heavily regulated industry. Such risk may result in the loss of part or all such funds. Membership equity investments are subordinate to all other debts of the Co-op. Understanding these risks, I agree to release the Co-op from any liability associated with the loss of all or part of my membership payment.
  1.  I understand that my membership is an individual membership and does not bestow any benefit upon any individual other than the shareholder named in this application.

Please fill out this affidavit before continuing.

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