Other Information about the Cooperative Corporation

1. Fiscal Year. The fiscal year of Loconomics is January 1st through December 31^st.
2. Electronic Notice and Documents. By becoming an Owner of Loconomics, an Owner thereby agrees to receive any notice or documents required under these Bylaws or under the law via email and/or via a messaging platform internal to the Loconomics online community. A person who does not consent to receiving notice electronically may not be an Owner of Loconomics, due to the infeasibility of mailing notices to a potentially large number of people.
3. Unclaimed Interests. Any proprietary interest in Loconomics held by an Owner that would otherwise escheat to the State of California as unclaimed personal property shall instead become the property of Loconomics if Loconomics gives at least 60 days prior notice of the proposed transfer to the affected Owner by (1) first-class or second-class mail to the last address of the Owner shown on Loconomics’ records, and (2) by publication in a newspaper of general circulation in the county in which Loconomics has its principal office. No property or funds shall become the property of Loconomics under this section if written notice objecting to the transfer is received by Loconomics from the affected Owner prior to the date of the proposed transfer.¹⁸
4. Indemnification. Loconomics shall have the power to indemnify its Officers, Directors, Owners, employees, and agents to the fullest extent permitted by law.
5. Dissolution: Except in special circumstances described in Section 12630 of the California Corporations Code, there are two ways in which the corporation may decide to voluntarily wind up and dissolve.
   1. Approval of Majority of Owners: The majority of all Owners approve.
   2. Approval of Board and Owners: Dissolution is approved by the Directors and by the Owners at duly called Director and Owner meetings.

¹⁸. See section 12466 of the California Corporations Code. ↩