Here is a great article which appeared in the The Cooperator listing the top dozen reasons for cooperative boards to reject prospective buyers. One reason not appearing on the list is the purchaser’s current line of work and the current state of that industry. During the banking crisis, cooperatives regularly looked upon purchase applications by those employed in the banking industry with extreme skepticism and scrutiny for fear that the prospective purchaser may not be employable in the future. During the dot com bubble, persons employed in the tech industry were also subject to such scrutiny.
Click here to view article.