C-67.2 - Cooperatives Act

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50. No initiation fee may be charged to a person or partnership admitted as a member or auxiliary member of a cooperative.
1982, c. 26, s. 50; 1995, c. 67, s. 30; 2003, c. 18, s. 28.
50. No initiation fee may be charged to a person admitted as a member or auxiliary member of a cooperative.
1982, c. 26, s. 50; 1995, c. 67, s. 30.
50. A cooperative, if authorized by by-law, may require every person admitted as a member to pay an initiation fee.
In no case may the amount of the initiation fee of any member exceed ten per cent of the amount of his qualifying shares.
1982, c. 26, s. 50.