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Memberships and Stock Options

Opportunity Development Cooperative of Petroleum County

The Opportunity Development Cooperative of Petroleum County (the "Cooperative") is being formed as a cooperative association under Title 35, Chapter 15 of the Montana Code Annotated, and has delivered a Statement of Intent to Incorporate a Cooperative Association to the office of the Montana Secretary of State. The secretary of State has licensed the original incorporators as commissioners to offer at par 11,200 shares of capital stock, which are designated as follows:

Common Stock (Membership/Voting Share)

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  • Must be resident of Montana & meet approval by board.

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  • Cost is $150.

 

  • Limited to one per person.

 

  • Not redeemable or salable asset.

Opportunity Development Cooperative of Petroleum County
Class A Founders' Preferred Stock

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  • Limited to 200 shares, first come-first serve.

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  • Considered first for dividends and could have slightly higher rate of return.

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  • Only available to Co-Op Members (owners of common stock).

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  • Members may buy more than one.

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  • Cost is $250 per share.

 

  • These non-voting shares are not redeemable but may be transferred to another co-op member.

Opportunity Development Cooperative of Petroleum County
Class B Preferred Stock

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  • Can be purchased by any individual or entity, membership or MT residency not required.

 

  • Can purchase any amount of shares.

 

  • Cost is $250 per share.

 

  • Dividends may be available.

 

  • These non-voting shares are redeemable and transferable at the discretion of the board.

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