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C-67.2 - Cooperatives Act

Section 225.3
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225.3. A shareholder of the business corporation may not act as a founder of the cooperative for the purpose of constituting the cooperative and holding the organization meeting. Nor may a shareholder of the business corporation who holds more than 20% of the business corporation’s voting shares be a member of the cooperative.
2003, c. 18, s. 126; 2009, c. 52, s. 572.
225.3. A shareholder of the company may not act as a founder of the cooperative for the purpose of constituting the cooperative and holding the organization meeting. Nor may a shareholder of the company who holds more than 20% of the company’s voting shares be a member of the cooperative.
2003, c. 18, s. 126.
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