220Name to include certain matter

220 Name to include certain matter

220 Name to include certain matter

(1) The name of a co-operative may consist of words, numbers or a combination of both.

(2) The name of the co-operative must include the word “Co-operative” or “Cooperative” or the abbreviation “Co-op” or “Coop”.

(3) The word “Limited” or the abbreviation “Ltd” must be the last word of the name.

(4) A corporation that is formed or incorporated under an Act of this jurisdiction (but not this Law) must not register under that Act by a name including the word “Co-operative” or “Cooperative” or the abbreviation “Co-op” or “Coop”.

Maximum penalty—$2,000.

(5) The Registrar must not register as the name of a co-operative a name that contains anything the National Regulations declare is an unsuitable name.

(6) However, the Registrar may register a name that contains a thing declared to be an unsuitable name, if the Registrar is satisfied the name is suitable for registration in the particular circumstances.

(7) The local regulations may exempt or provide for the exemption of specified entities or kinds of entities from subsection (4).