3
CurrentAdditional matters—non-distributing co-operatives
3 Additional matters—non-distributing co-operatives
In addition to the matters specified in clauses 1 and 2, the rules of a non-distributing co-operative must provide—
(a)
that there must be no return or distribution of surplus or share capital to members other than the nominal value of shares (if any) at winding up; and
(b)
for the way of distribution of the surplus property at winding up.
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