C-67.2 - Cooperatives Act

Section 225 Disposition versions

2011-02-14

225. A shareholding workers cooperative is a cooperative made up exclusively of natural persons for the purpose of acquiring and holding shares in the business corporation that employs them and whose object is to provide work to its members and auxiliary members through the enterprise operated by that business corporation.

The cooperative enables its members and auxiliary members collectively to be shareholders in the business corporation through the cooperative and is deemed to prosecute an enterprise within the meaning of section 3.

1982, c. 26, s. 225; 1984, c. 28, s. 9; 1995, c. 67, s. 139; 2003, c. 18, s. 126; 2009, c. 52, s. 569.

2005-11-17

225. A shareholding workers cooperative is a cooperative made up exclusively of natural persons for the purpose of acquiring and holding shares in the company that employs them and whose object is to provide work to its members and auxiliary members through the enterprise operated by that company.

The cooperative enables its members and auxiliary members collectively to be shareholders in the company through the cooperative and is deemed to prosecute an enterprise within the meaning of section 3.

1982, c. 26, s. 225; 1984, c. 28, s. 9; 1995, c. 67, s. 139; 2003, c. 18, s. 126.

1997-02-14

225. In addition to the powers conferred on it by Title I, a cooperative may acquire and hold shares in a legal person or a share in a partnership, if its status as shareholder or partner allows its members to work in the entreprise owned by the legal person or partnership.

In such a case, the cooperative is deemed to be operating an enterprise within the meaning of section 222.

1982, c. 26, s. 225; 1984, c. 28, s. 9; 1995, c. 67, s. 139.

1984-06-20

225. A cooperative may acquire and hold shares of a corporation if the enterprise carried on by the corporation is similar or related to that carried on by the cooperative.

It may also, in conformity with its status of workers’ cooperative, acquire and hold shares of a corporation if acquiring those shares allows its members to work in the enterprise owned by the corporation.

1982, c. 26, s. 225; 1984, c. 28, s. 9.

1983-12-21

225. A cooperative may acquire and hold shares of a corporation if the enterprise carried on by the corporation is similar or related to that carried on by the cooperative.

It may also, in conformity with its status of workers’ production cooperative or work cooperative, acquire and hold shares of a corporation if acquiring those shares allows its members to work in the enterprise owned by the corporation.

1982, c. 26, s. 225.