Section 2, Lien. The Association is hereby given a first lien upon 

 all funds, property, property rights, and interests in its possession 

 belonging to a member, as security for the repayment to the Associa- 

 tion of any and all sums owing to the Association at any time from 

 such members. 



Section 3. No Liability to Creditors. There shall be and is no per- 

 sonal liability on the part of the members to creditors of the Associ- 

 ation. 



Section 4. Revolving Funds Subject to Rights of Creditors. Irrespective 

 as to any other provision herein contained, or as to how created, evi- 

 denced or certified, all money, property, and assets representing Re- 

 volving Fund credits or credits in any other special fund or funds, 

 created pursuant to these By-Laws, while held and retained by the Associ- 

 ation shall be subject to the rights and claims of creditors of the 

 Association, and to the payment of its debts, liabilities, and obligations, 

 and may be hypothecated, mortgaged, or pledged, all in the same manner 

 and to the same extent as any unallocated funds or properties. 



Section 5. Dissolution and Liquidation. In the event of dissolution 

 of the Association and winding up of its affairs all moneys and proper- 

 ties of the Association shall be deemed general assets to be distributed 

 and applied as follows: 



(a) In payment of all debts, liabilities and obligations of the 

 Association. 



(b) Any residue thereafter remaining shall be distributed to the 

 members in the same proportions as the payments previously made by 

 each member under the provisions of these By-Laws and/or any marketing 

 contracts between the Association and its members bears to the total 

 payments made by all of such members during the preceding two (2) 

 calendar years. 



Section 6. Separability Clause. If anything contained in these By- 

 Laws be contrary to law, as the same now exists, or any other law sub- 

 sequently adopted, then such part shall be eliminated or be deemed 

 amended accordingly, but the remainder shall stand. 



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