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A-24 - Cooperative Associations Act
Section 114
Disposition versions
114. In the case of a cooperative association composed of persons engaged in the business of fishing and having as its main purpose an object pertaining to or connected with the fishing industry,
(a) operations shall not be commenced until it is admitted as a member of a federation of associations of the same nature;
(b) the amount of a share of common stock shall be fixed at fifty dollars;
(c) each member must undertake by contract, for a period of at least one year, to deliver, sell, purchase or receive, through the association, certain produce or services.
