Co-operatives (National Uniform Legislation) Act 2015
77Minimum number of shares to be subscribed for
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77 Minimum number of shares to be subscribed for (1) A member of a co-operative with share capital must subscribe for such minimum number of shares (if any) as may be required by the (2) The minimum number may be determined by reference to the use made by the member of the co-operative or in any other manner specified in the rules of the co-operative. (3) An amendment of the rules of the co-operative as to the minimum number of shares to be subscribed for does not operate to require an existing member of the co-operative to subscribe for additional shares, but an existing member is not prevented from agreeing to subscribe for additional shares. (4) This section does not affect section 82.