76
In forceShares—general
76 Shares—general
(1)
The share capital of a co-operative varies in amount according to the nominal value of shares from time to time subscribed.
(2)
Shares are to be of a fixed amount that must be specified in the rules of the co-operative.
(3)
A co-operative may have more than one class of shares if the shareholding and the rights of shareholders comply with the co-operative principles.
(4)
Subject to this Part and Part 2.5, shares must not be issued to a non-member.
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