S-24 - Act respecting cooperative agricultural associations

Section 20 Disposition versions

1977-12-31

20. A shareholder-producer shall have only one vote, whatever may be the number of his shares. To be entitled to vote, he must have subscribed for one or more shares at least three months before the meeting, and have paid, at least three days before the meeting at which he intends to vote, all yearly instalments due on his share or shares; but, in the case of the first general meeting after the formation of the association, a shareholder-producer may vote no matter at what date previous to such meeting he may have subscribed for his share or shares.

No one may be represented by proxy at any general or special meeting of the association.

R. S. 1964, c. 124, s. 20.