A-24 - Cooperative Associations Act

Section 31 Disposition versions

1977-12-31

31. The board of directors, after informing a member in writing of the reasons advanced for his suspension or expulsion and affording him an opportunity to be heard, may suspend or expel him for any of the following reasons:

(a)  if he has not made the payments due on his shares;

(b)  if he has not carried out his engagements with the association;

(c)  if he has been convicted of an indictable offence, made an abandonment of his property, offered a composition, been declared bankrupt or been interdicted;

(d)  if he neglects to do business with the association, or injures or attempts to injure it; or

(e)  if he carries on any activity in competition with that of the association.

The minutes of the sitting of the board of directors at which a member is suspended or expelled shall set forth the facts giving rise to such decision. Notice of the suspension or expulsion shall be sent to him by registered or certified letter within six days after the decision.

R. S. 1964, c. 292, s. 25; 1975, c. 83, s. 84.