Voting
228 Voting
The right to vote attaches to membership and not shareholding.
(2) Except as provided in subsections (3) and (4), each member has only one vote at a meeting of the co-operative.
(3) If its rules so provide, a member of a co-operative group may have the number of votes (up to 5) at a general meeting that is stated in the rules.
(4) If the rules so provide, the chairperson has a second vote at a board meeting or general meeting.
In the case of joint membership:
the joint members have only one vote between them; and
(b) that vote may be exercised (subject to the grant of a proxy or power of attorney) only by the joint member decided under the rules.
(6) In the case of shares held jointly by 2 or more members otherwise than by virtue of joint membership, each member holding the shares is entitled to vote in accordance with this section.
Note
See section 233 for the effect on a member's right to vote where a non-member has a relevant interest in a share held by the member or in the member's right to vote.
This Act’s bill:Explanatory statement
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