47. If a cooperative decides to issue certificates of preferred shares, the certificates must state the amount of and the preferences, rights and restrictions attaching to the shares and the conditions of redemption, repayment or transfer or they must be attached to a copy of the resolution that determines the characteristics of the shares.
1982, c. 26, s. 47; 1995, c. 67, s. 27; 2003, c. 18, s. 25.