Schedule Sch 1 - Co-operatives Regulations 2010 - Model rules of a non‑distributing co‑operative without share capital

Sch 1Model rules of a non‑distributing co‑operative without share capital

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Schedule 1 — Model rules of a non‑distributing co‑operative without share capital

Terms used 30
Rules 30
Powers 31
Name 31
Active membership provisions 32
Qualifications for membership 32
Membership, subscriptions, periodic fees 33
Ceasing membership 33
Expulsion of members 34
Payments upon expulsion of member 35
Payments upon resignation of member 35
Suspension of members 36
Disputes and mediation 36
Fines payable by members 38
Liability of members to co‑operatives 38
Forfeiture and cancellations — inactive members 39
Death of member 39
Dealings of members with co‑operatives 40
Registration of Official Trustee in Bankruptcy 41
Registration as administrator of estate on incapacity of member 41
Entitlements and liabilities of person registered as trustee, administrator etc. 41
Transfer and transmission of debentures 42
Issue of CCUs 43
Transfer and transmission of CCUs 44
Annual general meetings 44
Special general meetings 44
Notice of general meetings 45
Business of general meetings 46
Quorum at general meetings 47
Chairperson at general meetings 47
Attendance and voting at general meetings 48
Voting on a show of hands 49
Voting on a poll 49
Determining the outcome where equality of votes 49
Proxy votes 50
Postal ballots 51
Special and ordinary resolutions 53
Board of directors 54