NSWIn ForceAct
Co-operatives National Law (NSW)
76Shares—general
Start here
Get a plain-English read of 76
Turn the raw legal text into a practical explanation grounded in Co-operatives National Law (NSW).
76 Shares—general
76 Shares—general
(1) The share capital of a co-operative varies in amount according to the nominal value of shares from time to time subscribed.
(2) Shares are to be of a fixed amount that must be specified in the rules of the co-operative.
(3) A co-operative may have more than one class of shares if the shareholding and the rights of shareholders comply with the co-operative principles.
(4) Subject to this Part and Part 2.5, shares must not be issued to a non-member.