Co-operatives National Law (Queensland)
sec.76Shares—general
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sec.76 Shares—general
The share capital of a co-operative varies in amount according to the nominal value of shares from time to time subscribed. Shares are to be of a fixed amount that must be specified in the rules of the co-operative. 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. Subject to this Part and Part 2.5 , shares must not be issued to a non-member. (sec.76-ssec.1) The share capital of a co-operative varies in amount according to the nominal value of shares from time to time subscribed. (sec.76-ssec.2) Shares are to be of a fixed amount that must be specified in the rules of the co-operative. (sec.76-ssec.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. (sec.76-ssec.4) Subject to this Part and Part 2.5 , shares must not be issued to a non-member.