GloopGlop Bylaws

The name of the organization is gloopglop.com. Other names used by the cooperative include gloop.gg and glop.coop.

The cooperative is currently operating as an organizing project and intends to formally incorporate as a cooperative under applicable state law.

The purpose of the Cooperative is to operate a member-owned and democratically controlled enterprise that provides goods, services, or community benefit consistent with cooperative principles.

The Cooperative exists to benefit its members and the broader community rather than outside investors.

We adhere to the seven international cooperative principles as defined in The Seven Cooperative Principles.

Membership is open to individuals who:

• Support the purpose of the Cooperative
• Are accepted by the membership

Every member has:

• One vote in Cooperative decisions
• The right to participate in governance
• The ability to stand for elected roles

Members agree to:

• Support the Cooperative and follow its governance processes

The Cooperative is governed by its members using democratic processes.

Unless otherwise decided by the membership:

• Each member has one vote
• Decisions are made by consent
• Members may elect coordinators or a board to carry out operations

Any surplus generated by the Cooperative will be:

• Reinvested in the Cooperative, and/or
• Distributed to members according to their participation or labor contribution, and/or a standard payout as determined by the MIT Living Wage Calculator↗

The Cooperative will not distribute profits to outside investors.

These bylaws may be amended by a vote of the members.

Upon incorporation as a legal cooperative entity, these bylaws may be replaced with formal bylaws consistent with cooperative law.