R-8.1.1 - Cooperative Investment Plan Act

Section 18 Disposition versions

2012-03-05

18. (Repealed).

2006, c. 37, s. 18; 2012, c. 1, s. 73.

2006-12-06

18. A cooperative or federation of cooperatives wishing to obtain from the Minister the exemption referred to in section 17 in respect of an expansion or development project must send the Minister a written application to that effect containing the following information and documents:

(1)  a detailed description of the project;

(2)  the date on which the project is to begin;

(3)  the expected value of the share issue in relation to the total cost of the project; and

(4)  an attestation signed by two directors confirming that it is in the process of carrying out the project in accordance with the information and documents referred to in paragraphs 1 to 3 and confirming the effect of the project on the capitalization rate and amount of business of the cooperative or federation of cooperatives.

2006, c. 37, s. 18.