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Co-Operative Societies Act 2008

10. Content of by-laws

1.      A registered society shall include in its by-laws provisions for-

a.      conditions of membership, including-

                      i.         the right of joint members, if any;

                     ii.         the qualification for membership and the withdrawal of members and transfer of membership;

                    iii.         the amount of the membership fee and the annual fee, if any, to be paid by members;

                    iv.         the conditions on which membership ceases or may be terminated, the disposition that may be made on cessation or termination of a memberís interest and the determination of the value of the memberís interest; and

                     v.         the minimum value of shares that may be held by each member;


b.     the voting rights and the rights of making, amending and repealing by-laws, the right of members to vote by ballot and the manner, form and effect of votes at meetings;

c.      directors, officers and members of the committees of directors-

                      i.         qualification, terms of office and removal;

                     ii.         the filling of vacancies, and

                    iii.         their powers, duties;




d.     the distribution of the property of the society on the dissolution thereof;

e.      the borrowing powers of the society and the procedure for exercising those powers; and

f.      any matter, in addition to those set out in paragraphs (a) to

g.     that the members consider necessary or desirable.


2.      Subject to subsection (3), where the by-laws requires a greater number of votes or directors of members than that required by this Act to effect any action, the by-laws shall prevail;

3.      The by-laws may not require a greater number of votes of members to remove a director than the number required for a special resolution.

Cooperative Societies Act, 2008 Back

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