A-24 - Cooperative Associations Act

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61. The association may provide, by special by-law, that a member shall not be eligible as a director
(a)  if he has not paid the instalments due on the shares for which he has subscribed or is otherwise in arrears with the association;
(b)  if he has not done business with the association during the preceding fiscal year in the amount fixed by such by-law.
R. S. 1964, c. 292, s. 55.