429Contravention of this Division—offence by co-operative

#### 429 Contravention of this Division—offence by co-operative 429 Contravention of this Division—offence by co-operative > > (1) If a provision of this Division is contravened, the co-operative concerned and any other person involved in the contravention commits an offence. > > > > Maximum penalty—$2,000. > > > > Note— > > > > Section 9 defines “involved” in a contravention. > > > (2) It is a defence to a prosecution for an offence under subsection (1) if it is proved the contravention was because of the failure of a person (other than the defendant), who is a director of the co-operative or a trustee for debenture holders of the co-operative, to supply for the explanatory statement particulars of the person’s interests.