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C-67.2 - Cooperatives Act

Section 226
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Full text
226. (Replaced).
1982, c. 26, s. 226; 1995, c. 67, s. 141; 2003, c. 18, s. 126.
226. Rebates are calculated on the basis of the volume of work performed by the member during the last fiscal year for the cooperative or for the company or partnership in which the cooperative is a shareholder or partner.
The amount of work may be measured by the income of the member, the number of hours of work or any other scale determined by the by-laws.
Notwithstanding the first paragraph, the cooperative may, by by-law, provide that rebates are calculated on the basis of the volume of work performed during a period covering not more than its last four fiscal years.
The rebate rate may vary according to the nature of the transactions in which the member has participated.
1982, c. 26, s. 226; 1995, c. 67, s. 141.
226. Rebates are calculated on the basis of the amount of work done by the member for his cooperative or for the company in which his cooperative holds shares.
The amount of work may be measured by the income of the member, the number of hours of work or any other scale determined by the by-laws.
1982, c. 26, s. 226.
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