355Retention of surplus for benefit of co-operative

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355 Retention of surplus for benefit of co-operative

The board of a co-operative may resolve to retain all or part of the surplus arising in a year from the business of the co-operative to be applied for the benefit of the co-operative.

Section 355 - Co-operatives National Law Application Act 2013 - Retention of surplus for benefit of co-operative | Zoe