Outcome of Special Member Meeting May 22

At the Special Membership Meeting of New Leaf Market Cooperative on May 22, 2018 at 6pm in the Allouez Community Center the only agenda item was to discuss the future of the co-op and vote on a motion from the Board of Directors.

The motion was: “New Leaf Market Cooperative shall be dissolved. The Co-op Board of Directors is tasked with closing down the business and distributing remaining assets as prescribed by New Leaf Market Cooperative articles and by-laws, and by Wisconsin Statute.” The motion passed unanimously.

The Treasurer reported that all member loans would be paid back at the interest level specify in the loan documents, but that no membership funds could be returned.