226Registered office of co-operative

226 Registered office of co-operative

226 Registered office of co-operative

(1) A co-operative must have a registered office.

Maximum penalty—$2,000.

(2) A co-operative is guilty of an offence if its registered office is not located in this jurisdiction.

Maximum penalty—$2,000.

(3) A co-operative must, at the premises of its registered office, publicly and conspicuously display a notice stating the name of the co-operative and identifying the premises as its registered office.

Maximum penalty—$2,000.

(4) Within 28 days after changing the address of its registered office, a co-operative must give the Registrar written notice of the new address of its registered office.

Maximum penalty—$2,000.

(5) A co-operative’s office is registered as the co-operative’s registered office while the address of the office is recorded in the register of co-operatives by the Registrar and there specified as its registered office.

(6) The Registrar may, by designated instrument, exempt a small co-operative, a class of small co-operatives or all small co-operatives from subsection (3).

(7) An exemption may be given unconditionally or subject to conditions.

(8) An offence based on subsection (1), (2), (3) or (4) is an offence of strict liability.