sch.5-sec.58Amendments and copies of rules (CNL ss57 & 60–63)

sch.5-sec.58 Amendments and copies of rules (CNL ss57 & 60–63)

Any amendment of the rules must be approved by special resolution. However, if model rules are adopted in the manner specified under section 65 (a) of the Law, any amendments to the model rules as notified by the Registrar are included in the co-operative’s rules without the need for a special resolution. Section 60 of the Law permits the Registrar to specify classes of rules that must not be changed without first obtaining the approval of the Registrar. A co-operative should check whether any prior approval is required before the change is put to a special resolution vote. A proposal to amend the rules of the co-operative must be made in a form approved by the board which clearly shows the existing rule or rules concerned and any proposed amendment to the rules. A member is entitled to a copy of the rules upon payment of the amount of $5 to the co-operative. The rule could instead provide that the fee payable by a member for a copy of the rules is nil (for example, for a copy that is provided electronically to the member). In any case, the fee cannot be greater than the fee that would be charged if the member obtained a copy from the Registrar. (sch.5-sec.58-ssec.1) Any amendment of the rules must be approved by special resolution. However, if model rules are adopted in the manner specified under section 65 (a) of the Law, any amendments to the model rules as notified by the Registrar are included in the co-operative’s rules without the need for a special resolution. Section 60 of the Law permits the Registrar to specify classes of rules that must not be changed without first obtaining the approval of the Registrar. A co-operative should check whether any prior approval is required before the change is put to a special resolution vote. (sch.5-sec.58-ssec.2) A proposal to amend the rules of the co-operative must be made in a form approved by the board which clearly shows the existing rule or rules concerned and any proposed amendment to the rules. (sch.5-sec.58-ssec.3) A member is entitled to a copy of the rules upon payment of the amount of $5 to the co-operative.