Schedule Sch 2 - Co-operatives Regulations 2010 - Model rules of a non‑distributing co‑operative with share capital

Sch 2Model rules of a non‑distributing co‑operative with share capital

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Schedule 2 — Model rules of a non‑distributing co‑operative with share capital

Terms used 71
Rules 71
Powers 72
Name 72
Active membership provisions 73
Qualifications for membership 73
Membership, subscriptions, periodic fees 74
Ceasing membership 75
Expulsion of members 76
Monetary consequences of expulsion 77
Suspension of members 78
Payments upon resignation of member 79
Disputes and mediation 80
Fines payable by members 81
Capital and shares 82
Liability of members to co‑operatives 82
Calls on shares 83
Sale of members’ shares 84
Transfer and transmission of shares 85
Effect of sale, transfer or disposal of shares 86
Forfeiture and cancellations: inactive members 87
Forfeiture of shares 88
Forfeited shares 88
Forfeiture for non‑payment of subscription 88
Death of member 89
Dealings of members with co‑operatives 90
Charges on shares 91
Registration of Official Trustee in Bankruptcy 92
Registration as administrator of estate on incapacity of member 92
Entitlements and liabilities of person registered as trustee, administrator etc. 92
Transfer and transmission of debentures 93
Issue of CCUs 94
Transfer and transmission of CCUs 95
Annual general meetings 95
Special general meetings 95
Notice of general meetings 96
Business of general meetings 97
Quorum at general meetings 98