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A-24 - Cooperative Associations Act
Section 39
Disposition versions
39. The board of directors may order the confiscation by the association of shares on which an instalment two years or more overdue has not been paid. Such confiscation shall take effect two months after a notice has been sent, by registered or certified letter, to the last known address of the member concerned, unless he has paid the overdue instalment within such delay.
