Notice required to be given of voting interest
275 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 that the person has a relevant interest in the right to vote of a member of the co‑operative.
Penalty for this subsection: a fine of $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.
Penalty for this subsection: a fine of $2 000.
Section 171 provides for the effect of a person having a relevant interest in the right to vote of a member of a co‑operative.
[Section 275 amended: No. 7 of 2016 s. 200.]
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