Co-Operative Societies Act 2008
Part V Financing
1. A society may sell shares to its members only, but the shares must have a par value fixed by the by-laws.
2. Unless a society is required by this Act or any other enactment to limit its number of shares it shall have an unlimited number of shares.
3. A share in a registered society is personal property and a shareholder is entitled to an annual statement showing the number of shares that he owns.