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C-67.2 - Cooperatives Act

Section 148.1
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148.1. The board of directors of a cooperative may, where authorized by the by-laws and on the conditions and for the maximum period fixed in the by-laws, make an undertaking with a person granting financial assistance to the cooperative that its members will not allot rebates to themselves or if rebates are allotted, that they authorize their payment only in the form prescribed in the first paragraph of section 152.
1984, c. 28, s. 6; 1995, c. 67, s. 91.
148.1. The board of directors of a cooperative may make an undertaking, towards a person granting financial assistance to it, that its members will not allocate a rebate to themselves, where authorized by the regulations and for the maximum period fixed therein.
1984, c. 28, s. 6.
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