351
CurrentDirectors' duties concerning CCUs
Chapter 3Management and operation of co-operatives
Part 3.4Funds and property
Division 2Co-operative capital units (CCUs)
351 Directors' duties concerning CCUs
In discharging their duties, it is proper for the directors of a co‑operative to take into account that the holders of CCUs, in their capacity as holders of CCUs, have none of the rights and entitlements of, and are not entitled to be regarded as, members of the co-operative.
This Act’s bill:Explanatory statement
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