C-67.2 - Cooperatives Act

Section 232 Disposition versions

1997-02-14

232. To be a member of a federation, a cooperative must

(1)  pursue objects similar or related to those pursued by the other members of the federation;

(2)  apply for membership, except in the case of a founding cooperative;

(3)  agree to respect the by-laws;

(4)  subscribe and pay for the required qualifying shares in accordance with the by-law;

(5)  agree, if a by-law of the federation requires it, to make its purchases, sales or any other transactions through the federation;

(6)  be admitted by the board of directors, except in the case of a founding cooperative.

1982, c. 26, s. 232; 1995, c. 67, s. 144.

1983-12-21

232. To be a member of a federation, a cooperative must

(1)  pursue objects similar or related to those pursued by the other members of the federation;

(2)  apply for membership, except in the case of a founding cooperative;

(3)  agree to respect the by-laws;

(4)  subscribe and pay the number of shares provided for by by-law;

(5)  agree, if a by-law of the federation requires it, to make its purchases, sales or any other transactions through the federation;

(6)  be admitted by the board of directors, except in the case of a founding cooperative.

1982, c. 26, s. 232.