A-24 - Cooperative Associations Act

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128. The object of a federation is to safeguard the similar interests of its members and for such purpose it may:
(a)  exercise the powers of a cooperative association;
(b)  establish educational, publicity, auditing and technical assistance services; the auditing service established in accordance with this paragraph must be recognized as adequate by the Minister, who shall each year, upon application, issue a certificate to that effect;
(c)  make loans to its members and to any corporation of which it holds shares or bonds;
(d)  assist the associations and corporations contemplated in paragraph c to obtain funds and guarantee the performance of their obligations;
(e)  make agreements with them to supervise, control or manage their affairs for a stated period;
(f)  cause the books and accounts of its members and of the associations indebted to it to be inspected, audited or examined;
(g)  require from the cooperative associations contemplated in paragraph f copies of their annual statements and by-laws;
(h)  determine the amount and the mode of payment of the contributions of its members;
(i)  supply persons interested in forming a cooperative association with the requisite information to determine its efficiency and to facilitate its formation.
R. S. 1964, c. 292, s. 116; 1970, c. 58, s. 32.