112
CurrentQualification for membership
Chapter 2Formation, powers and constitution of co-operatives
Part 2.5Membership
Division 1General
112 Qualification for membership
(1) A person is not qualified to be admitted to membership of a co‑operative unless:
(a) there are reasonable grounds for believing the person will be an active member of the co-operative; and
(b) the person is otherwise eligible under the rules of the co‑operative.
(2)
The rules of a co-operative must contain provisions that:
(a) impose a duty on all persons who become members to be active members; and
(b) set out the consequences of failing to be, or ceasing to be, an active member.
This Act’s bill:Explanatory statement
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