C-67.2 - Cooperatives Act

Section 51 Disposition versions

2005-11-17

51. To be a member of a cooperative, a person or a partnership must

(1)  be capable of actually being a user of the cooperative’s services;

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

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

(4)  undertake to comply with the by-laws of the cooperative;

(5)  be admitted by the board of directors, except in the case of a founder.

1982, c. 26, s. 51; 1995, c. 67, s. 31; 2003, c. 18, s. 29.

1997-02-14

51. To be a member of a cooperative, a person or a partnership must

(1)  have an interest as a user of the cooperative’s services;

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

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

(4)  undertake to comply with the by-laws of the cooperative;

(5)  be admitted by the board of directors, except in the case of a founder.

1982, c. 26, s. 51; 1995, c. 67, s. 31.

1983-12-21

51. To be a member of a cooperative, a person or a partnership must

(1)  be in a position to participate in the pursuit of the objects for which the cooperative is incorporated;

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

(3)  subscribe and pay for the minimum number of common shares of $10 provided for by by-law;

(4)  undertake to comply with the by-laws of the cooperative;

(5)  be admitted by the board of directors, except in the case of a founder.

Minors at least sixteen years of age may become members of a cooperative and in that respect are deemed of age.

1982, c. 26, s. 51.