Section 604 - Security interest and set-off(a) A member or transferee may create an enforceable security interest in its financial rights in a mutual benefit enterprise.(b) Unless the organic rules otherwise provide, a member may not create an enforceable security interest in the member's governance rights in a mutual benefit enterprise.(c) The organic rules may provide that a mutual benefit enterprise has a security interest in the financial rights of a member to secure payment of any indebtedness or other obligation of the member to the enterprise. A security interest provided for in the organic rules is enforceable under and governed by 9A V.S.A. article 9.(d) Unless the organic rules otherwise provide, a member may not compel the mutual benefit enterprise to offset financial rights against any indebtedness or obligation owed to the enterprise.Added 2011, No. 84 (Adj. Sess.), § 1, eff. 4/20/2012.