On the other hand, any per-unit retain certificate (other than capital stock) which is redeemable only in the discretion of the cooperative association, or which is otherwise subject to conditions beyond the control of the patron, shall be considered not to have any fair market value at the time of its issue, unless it is clearly established to the contrary.
Composition roof lifeAsphalt shingles are rated at 20, 25, 30, or 35 years. The average roof life is 5 to 10 years less, depending on climate conditions in your area. The life of any asphalt shingle roof is effected if Algae and Mildew is allowed to grow on it.
Fiberglass shingles can last 20 years or more depending on their quality. These shingles are one of the lower-cost options, but their price has been rising. Thatâs because they are partly coated with asphalt, an oil byproduct. Asphalt shingles are lightweight and wonât break when you walk on them.