Equity 08/31/07 11:47:47 AM|
Andale Farmers Cooperative Company currently has the following equity payout programs:
Estates: Deceased Patrons may be paid out after receiving proper documentation and instructions from the executor of the estate. Contact the Andale office for the documentation needed. The Board of Directors usually reviews the payment requests at each monthly Board meeting.
Age 70: Any patron turning age 70 in the calendar year may be paid 100% of their equity balance, or stock ledger credits only, as instructed by the individual patron. Any patron turning 70 during the calendar year may want to check with us to make sure that we have the correct birth date on file. The equity accounts will be reviewed in November and, if approved, are usually paid by the middle of December.
*All equity payments need to be approved by the Board of Directors.
**All equity programs are subject to change at any time.
Call LeIla at 316-444-2141 extension 217 for information and necessary forms.