s 269
In forceRetention of surplus for benefit of co‑operative
Part 10Funds and property
Division 5Disposal of surplus from activities
269 Retention of surplus for benefit of co‑operative
The board of a co‑operative may resolve to retain all or part of the surplus arising in a year from the business of the co‑operative to be applied for the benefit of the co‑operative.
Research tools for this sectionPro
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.