Co-operatives National Regulations
14Fines payable by members (CNL ss56 & 126)
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14 Fines payable by members (CNL ss56 & 126)
14 Fines payable by members (CNL ss56 & 126)
(1) The board may impose on a member a maximum fine of $..... for a contravention of these rules.
Note—
The maximum amount to be inserted must not be more than $1,000, or $500 for a co-operative with a charitable purpose (see section 56 of the Law and National Regulation 2.1).
(2) A fine must not be imposed on a member under subrule (1) unless:
(a) written notice of intention to impose the fine and the reason for it has been given to the member; and
(b) the member has been given a reasonable opportunity to appear before the board in person (with or without witnesses), or to send to the board a written statement, to show cause why the fine should not be imposed.