487
CurrentAccepting commission
Chapter 6Supervision and protection of co-operatives
Part 6.2Prevention of fraud and other activities
487 Accepting commission
(1)
An officer of a co-operative must not accept a commission, fee or reward, whether pecuniary or otherwise, from a person in relation to a transaction or proposed transaction between the person and the co-operative.
Maximum penalty: $6 000 or imprisonment for 6 months, or both.
(2)
An officer of a co-operative who is found guilty of an offence under subsection (1) is also liable to make good to the co-operative double the value or amount of the commission, fee or reward.
This Act’s bill:Explanatory statement
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