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Canada (1,708) > Cooperatives (33)

Name: Cooperative Association Act [SBC 1999] chapter 28.
Country: Canada
Subject(s): Cooperatives
Type of legislation: Law, Act
Adopted on: 1980-12-22
Entry into force:
Published on: Printed separately, 29 p. (COOP)
ISN: CAN-1980-L-32508
Link: https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=32508&p_lang=en
Bibliography: Printed separately, 29 p. (COOP)
Act on-line (consolidated) Act on-line (consolidated) B.C. Ministry of Labour and Citizen's Services, Queen's Printer for Manitoba, Canada (consulted on 2006-01-05)
Abstract/Citation: Sets up the formation of cooperatives including the approval of the memorandum of cooperative by the superintendent as well as its registration by the registrar. Provides for the ancillary powers of cooperatives. Sets forth the distribution of surpluses, the issuing of shares, the reduction of capital, the signing and breaching of contracts. Other provisions cover membership, shares allotment, and votes. Organizes the general assembly which elects, inter alia, three directors at least. Entitles an auditor, elected by the general assembly, to make a report to the members on the accounts of the cooperative. Appoints a superintendent to inquire into all the conditions under which any proposed association will operate, and advises the promoters of any association as to the formation and organization of the association. Sets forth the amalgamation and winding up of cooperatives. Offences against this Act are sanctionned.

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