78Minimum paid up amount

#### 78 Minimum paid up amount 78 Minimum paid up amount > > (1) A share must not be allotted unless at least 10% of the nominal value of the share has been paid. > > > (2) Any balance unpaid for shares at the time of allotment must be paid in a way specified in the rules of the co-operative or permitted by this Law. > > > (3) This section does not apply to a bonus share issued under section 83 or 357. > > > (4) This section does not affect shares issued before the commencement of this section in this jurisdiction if the Co-operatives National Law Act of this jurisdiction so provides.