149.4. Where the by-laws of the cooperative contain provisions for the purposes of the first paragraph of section 149.2, the board of directors may, as part of a policy it establishes, allot a rebate to the persons or partnerships referred to in that section.
The rebate shall be allotted in proportion to the business done by those persons or partnerships with the cooperative or with a business corporation or partnership in which the cooperative holds shares or other securities during the period determined by the by-laws.
The allotment of the rebate is subject to the conditions set out in section 38, with the necessary modifications.
2003, c. 18, s. 75; 2009, c. 52, s. 561.