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S-38 - Cooperative Syndicates Act

Section 38
Disposition versions

Full text
38. The general meeting, taking the report as a basis, shall determine the amount of the profits which it shall allot.
The by-laws respecting the allotment and payment of profits shall bind the association and its members in the same manner as if they were signed and sealed by each member respectively and contained agreements on the part of each member, his heirs, executors and administrators, to abide by all the stipulations of the by-laws, in accordance with the provisions of this act.
R. S. 1964, c. 294, s. 38.
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