13AProhibition on disbursing profits or assets to members

13A Prohibition on disbursing profits or assets to members (1) This section does not apply to an incorporated trading association. (2) An incorporated association must not distribute profits, or dispose of assets, of the association to its members. (3) Subsection (2) does not apply to: (a) reasonable remuneration of a member of the association for work done by the member: (i) for or on behalf of the association; and (ii) at the request of the association; or (b) any payments or dispositions incidental to activities carried on by the association in accordance or consistently with its objects. member, of an association, includes: (a) a former member of the association; and (b) an associate of a member of the association; and (c) an associate of a former member of the association.