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A-24 - Cooperative Associations Act
Section 118
Disposition versions
118. In the case of a cooperative association whose principal object is the organization of services or the distribution of merchandise for the personal use of its members or patrons,
(a) the name of the association may contain, instead of the words “cooperative association”, the expression “co-op store”, but only with the written authorization of the Fédération des Magasins Co-op contemplated in chapter 179 of the statutes of 1957-1958;
(b) repealed.
118. In the case of a cooperative association whose principal object is the organization of services or the distribution of merchandise for the personal use of its members or patrons,
(a) the name of the association may contain, instead of the words “cooperative association”, the expression “co-op store”, but only with the written authorization of the Fédération des Magasins Co-op contemplated in chapter 179 of the statutes of 1957-1958;
(b) rebates cannot be paid except in the form of common or preferred shares in the case of associations that are members of the Fédération mentioned in paragraph a.
