C-67.2 - Cooperatives Act

Full text
51. To be a member of a cooperative, a person or a partnership must
(1)  be capable of actually being a user of the cooperative’s services;
(2)  apply for membership, except in the case of a founder;
(3)  subscribe and pay for the required qualifying shares in accordance with the by-laws;
(4)  undertake to comply with the by-laws of the cooperative;
(5)  be admitted by the board of directors, except in the case of a founder.
1982, c. 26, s. 51; 1995, c. 67, s. 31; 2003, c. 18, s. 29.
51. To be a member of a cooperative, a person or a partnership must
(1)  have an interest as a user of the cooperative’s services;
(2)  apply for membership, except in the case of a founder;
(3)  subscribe and pay for the required qualifying shares in accordance with the by-laws;
(4)  undertake to comply with the by-laws of the cooperative;
(5)  be admitted by the board of directors, except in the case of a founder.
1982, c. 26, s. 51; 1995, c. 67, s. 31.
51. To be a member of a cooperative, a person or a partnership must
(1)  be in a position to participate in the pursuit of the objects for which the cooperative is incorporated;
(2)  apply for membership, except in the case of a founder;
(3)  subscribe and pay for the minimum number of common shares of $10 provided for by by-law;
(4)  undertake to comply with the by-laws of the cooperative;
(5)  be admitted by the board of directors, except in the case of a founder.
Minors at least sixteen years of age may become members of a cooperative and in that respect are deemed of age.
1982, c. 26, s. 51.