Livingston Country Club currently has 101 Equity Members owning 185 Equity Shares. An Equity Member is defined as any member of LCC that purchases between one and six equity shares through LCC at $1000.00 per share. Each share allows the owner a vote at our Annual Meeting or at any Special Membership Meetings.
Equity Shares became available at LCC in 2008 when the club found itself in financial difficulty. At that time we raised $ 177,000.00 when 95 members purchased 177 shares to re-establish LCC as the premier golf and country club in our area. Should the membership ever vote to sell LCC, the profits of the sale will be divided equally among the Equity Members per share owned.
Equity Shares are still and will remain for sale through the LCC Board of Directors. The purchase of these shares continues to help LCC with capital improvements to the golf course, clubhouse, as well as the pro shop and grounds equipment. Equity Members also receive discounts on memberships as well as cart passes. Equity members have to pay their dues no later than November 15 or they lose their equity status. LCC does have a payment plan in which dues and equity shares may be paid over a period of time. These shares, however, are not currently transferable and Equity Members could be asked to pay an assessment should the club experience a deficit or a capital expense for which there were insufficient reserves. This occurred in 2010 with the total reconstruction of green # 11. Our By-Laws do provide that Equity Members can take a medical leave from the club for an illness or injury and they also provide for a one time personal leave of one year at the sole discretion of the member. If you are interested in becoming an Equity Member or require more information, please contact any board member.
The LCC Board of Directors posts all minutes of their monthly meetings on this website. They continue to strive to meet the needs of everyone at LCC and are available to hear ideas and concerns of all members. With Craig Chiara serving the best food in the area at The Nines, our golf pro Jeff Kaye and our greens superintendent Brian Smith continuing to perform their duties at such a high level, our future remains promising. We have weathered the storm that many other golf courses did not. We continue to be focused on our mission of providing our members the very best golf and dining experiences we have to offer at the most reasonable prices. Come join our family!
- LCC Board of Directors, Scott Hicks, President