C-67.2 - Cooperatives Act

Full text
24. At the meeting, the founders must
(1)  adopt the by-laws of the cooperative;
(2)  elect the members of the board of directors;
(3)  (subparagraph repealed);
(4)  appoint an auditor.
In addition, they may adopt any measure relating to the affairs of the cooperative and, as the case may be, apply for the affiliation of the cooperative to a federation.
1982, c. 26, s. 24; 1995, c. 67, s. 12.
24. At the meeting, the founders must
(1)  pass the by-laws of internal management and the general loan by-laws;
(2)  elect the members of the board of directors;
(3)  subscribe for common shares in accordance with the by-laws;
(4)  appoint an auditor.
In addition, they may pass any other by-law or measure relating to the affairs of the cooperative and, as the case may be, apply for the affiliation of the cooperative to a federation.
1982, c. 26, s. 24.