67Nature of share in co-operative

#### 67 Nature of share in co-operative 67 Nature of share in co-operative > > (1) A share or other interest in a co-operative— > > > > > (a) is personal property; and > > > > > (b) is transferable or transmissible as provided by this Law and the rules of the co-operative; and > > > > > (c) is, subject to the rules of the co-operative, capable of devolution by will or by operation of law. > > > (2) Subject to subsection (1)— > > > > > (a) the laws applying to ownership of and dealing with personal property apply to a share or other interest of a member in a co-operative as they apply to other property; and > > > > > (b) equitable interests in a share or other interest of a member in a co-operative may be created, dealt with and enforced as in the case of other personal property.