Notice required to be given of voting interest
360 Notice required to be given of voting interest
A person (whether or not a member of the co-operative) must give notice to a co-operative within 5 business days after becoming aware the person has a relevant interest in the right to vote of a member of the co-operative.
Maximum penalty: $2 000.
A person (whether or not a member of the co-operative) who has ceased to have a relevant interest in the right to vote of a member of a co-operative must give notice to the co-operative within
5 business days after becoming aware of the fact.
Maximum penalty: $2 000.
Section 233 provides for the effect of a person having a relevant interest in the right to vote of a member of a co-operative.
Note
See Part 1 of Schedule 2 for the term relevant interest.
This Act’s bill:Explanatory statement
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