If any debt is due from any member of the credit cooperative society or from past member or member who has died, the society shall have a charge upon the share or contrib. interest in the capital, deposits and also upon any dividend, bonus or profits pay such member. The society may set off any amount of the debt due from him agar share, contribution or interest etc, The multi state cooperative society has first charge on the crops and I produce, fodder for cattle, agricultural or industrial implements or materials for manufacture and any finished produce manufactured home rails belonging to the past member or forming part of the estate. This charge is to settle any debt or outstanding demand owing to the society shall have a prior claim on these assets in respect of land revenue or variable as land revenue. A member cannot transfer any property which is charge and has to seek prior permission of the society. Contribution percentages can be different from distribution percentages. For example, initial member percentages of ownership can be set by the operating agreement and the agreement can set different percentages of share of the profits/losses. The members can do anything they want as long as it isn't in conflict with state law, as long as there is agreement and the agreement is stated in the operating agreement. Members of a contribute capital to the in exchange for a membership interest. There is no minimum amount of capital contribution, and members usually can contribute cash, property, or services. By default, the total amount of a member's capital contribution to a determines the member's voting and financial rights in the LLC. In other words, unless a Lilac’s operating agreement provides for a different arrangement, the profits and losses of the LLC are shared proportionally in relation to the members' contributions to the LLC. For example, if a member's capital contributions constitute 40 percent of a Lilac’s capital, that member typically has a 40 percent stake in the LLC and has more voting power than a member with a 20 percent interest. A member of a Limited Liability Company holds a membership interest, which includes only an economic interest. A membership interest is considered to be personal property and may be freely transferred to either nonmembers or to other members within the Limited Liability Company. multi state society Membership interest usually does not include the right to participate in managing the Limited Liability Company. As a result, if a member assigns or sells a membership interest to someone else, that other person usually receives only the right to the share of profits of the assigning member's in the Limited Liability company. Individuals receiving a membership interest are allowed to participate as voting members or managers unless they are admitted as new members of liquidator for multi state cooperative society.