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​You’ve decided to become an owner!

  1. Now all you need to do is select this form, copy and paste it to your Word program and print it out, then:1. Review the Owner Agreement.
    2. Fill out the Owner Information Form.
    3. Mail the Information Form and your check payable to GRFCI to: 
                 511 Morris Ave. SE
                 Grand Rapids, MI 49503
Owner Agreement
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Prior to becoming a member, GRFCI is required to advise each prospective member of the following rights and restrictions on membership and owner capital. Please review this and sign at the bottom to signify your understanding.
  1. Grand Rapids Food Co-op Initiative is subject to the Michigan Nonprofit Corporation Act, as amended (PA 162 of 1982; MCLA 450.2101 et seq.) GRFCI is organized under the Consumer Cooperative Act, which is Chapter 11 of the Michigan Nonprofit Corporation Act, as amended.
  2. The purpose of ownership is GRFCI is to assure access to the goods, services, and facilities of the cooperative, not to gain profit. Ownership is defined as a household of people living under one roof and each ownership has one vote.
  3. Owners are entitled to vote for the Board of Directors, receive notice of and to attend special meetings and vote on issues put before the ownership as stated in section 6.3 of the Bylaws. Owners may also run for the Board of Directors as stated in section 8.6.
  4. Ownership in GRFCI is open to all regardless of race, color, sex, religion, national origin, sexual orientation, or disability. A requirement of ownership at GRFCI is payment of owner equity share in an amount determined by the Board of Directors. Currently that amount is $250. Low income and fixed income ownerships are also available. (Bylaws Section 6.2)
  5. Ownership in GRFCI may be terminated by resignation, failure to pay member capital, decision of the Board of Directors, or death. Upon termination of ownership, owner capital will be redeemed within 5 years upon written request. (Bylaws Section 6.5)
  6. An owners ownership and the owner equity share paid by an owner is not transferable. (Bylaws Section 6.6)
  7. Owners have the right to call special meetings and cause referenda on issues of concern to them. (Bylaws Sections 7.4, 7.6-8) Owners also have the right to receive annual reports and to secure other material information ​ concerning the cooperative. (bylaws Sections 10.5-6) No owner is personally liable for paying any losses suffered by the Co-op. (Bylaws Section 10.8)
  8. As with any investment, your ownership share is subject to risk. If the Co- op is unsuccessful, the Board of Directors ​will determine distribution of remaining assets. Every effort will be made to refund the paid portion of your owner equity share.

Ownership Application 

Name/Household: _________________________________________________________
Household members:_______________________________________________________
Address: Street:________________________________
City:__________________________________    State:_____________________
Email: _______________________________________
Phone:_______________________________________
Select a owner share option:
_____ Equity payment in full, $250.00
_____ Monthly installments, $25 for 10 months
_____ Low/Fixed income option. (We will contact you)
_____ Donate to low income member grant fund. 
Amount:______________
_____ Total Payment by check made payable to GRFCI 

It is the owner’s responsibility to provide GRFCI with a current mailing address if the above information should change. 
Signature: ______________________________________________
Date: ___________________
_____ I am interested in volunteer opportunities 
_____ Please do not include my name on the GRFCI website or any promotional materials. 
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Please send this application along with payment to: 
GRFCI
511 Morris Ave. SE
Grand Rapids, MI 49503