TABLE OF CONTENTS Section One Section Six DEFINITIONS MEMBERSHIPS AND TRANSFERS 1.01 Definitions 6.01 Membership Qualifications 6.02 Membership Certificate 6.03 Transfer of Membership Section Two 6.04 Lien for Indebtedness GENERAL 6.05 Withdrawal of Membership 2.01 Financial Year 6.06 Automatic Withdrawal Death or Dissolution Policies of the – 2.02 Signing Authority& 6.07 Termination of Membership for Cause 2.03 Information Available to Members 6.08 Meaning of Cause” “for 2.04 Amendments to By-Laws 6.09 Notice of Board Meeting to Terminate 6.10 Notice of Termination - Decision of Board Section Three 6.11 Right to Appeal DIRECTORS 6.12 Repayment of Member 3.01 Number of Directors 6.13 Repayment of Patronage Loans 3.02 Quorum 3.03 Director Qualifications Section Seven 3.04 Directors Must be Members GENERAL RESERVE AND ALLOCATION OF 3.05 Election and Term SURPLUS 3.06 Nominating Candidates for Director 7.01 General Reserve 3.07 Tie Votes 7.02 Minimum Reserve 3.08 Ceasing to Hold Office 7.03 Allocation of Surplus 3.09 Removal of Directors by Members 7.04 Computation of Business Done 3.10 Vacancies 7.05 Patronage Returns $2.00 3.11 Exercise of Authority 7.06 Priority of Payment Repaying Patronage Loans – 3.12 Resolutions in Writing 3.13 Meetings by Telephone / Electronic Means Section Eight 3.14 Time and Place of Meetings MEETINGS OF MEMBERS 3.15 Notice of Meeting 8.01 Annual Meetings 3.16 Regular Meetings 8.02 Special Meetings 3.17 Chairperson 8.03 Place of Meetings & Remuneration 3.18 Conflict of Interest 8.04 Electronic Meetings 8.05 Notice of Meetings Section Four 8.06 Chairperson (and Secretary) COMMITTEES AND OFFICERS 8.07 Persons Entitled to be Present 4.01 Committee of Directors 8.08 Quorum 4.02 Officers 8.09 Voting at the Meeting 8.10 Voting by Mail-In or Electronic Ballot Section Five DUTY OF CARE AND INDEMNITY OF Section Nine DIRECTORS AND OFFICERS NOTICES IN WRITING 5.01 Duty of Care of Directors and Officers 9.01 Method of Giving Notices in Writing 5.02 Indemnity 9.02 Undelivered Notices 5.03 Dissent Section One DEFINITIONS Definitions 1.01 The following definitions apply in these by-laws: "Act" C.C.S.M. c. C223. The Cooperatives Act,
TABLE OF CONTENTS Section One DEFINITIONS 1.01 Definitions Section Two GENERAL 2.01 Financial Year 2.02 Signing Authority& Policies of the 2.03 Information Available to Members 2.04 Amendments to By-Laws Section Three DIRECTORS 3.01 Number of Directors 3.02 Quorum 3.03 Director Qualifications 3.04 Directors Must be Members 3.05 Election and Term 3.06 Nominating Candidates for Director 3.07 Tie Votes 3.08 Ceasing to Hold Office 3.09 Removal of Directors by Members 3.10 Vacancies 3.11 Exercise of Authority 3.12 Resolutions in Writing 3.13 Meetings by Telephone / Electronic Means 3.14 Time and Place of Meetings 3.15 Notice of Meeting 3.16 Regular Meetings 3.17 Chairperson 3.18 Conflict of Interest & Remuneration Section Four COMMITTEES AND OFFICERS 4.01 Committee of Directors 4.02 Officers Section Five DUTY OF CARE AND INDEMNITY OF DIRECTORS AND OFFICERS 5.01 Duty of Care of Directors and Officers 5.02 Indemnity 5.03 Dissent Section Six MEMBERSHIPS AND TRANSFERS 6.01 Membership Qualifications 6.02 Membership Certificate 6.03 Transfer of Membership 6.04 Lien for Indebtedness 6.05 Withdrawal of Membership 6.06 Automatic Withdrawal – Death or Dissolution 6.07 Termination of Membership for Cause 6.08 Meaning of “for Cause” 6.09 Notice of Board Meeting to Terminate 6.10 Notice of Termination - Decision of Board 6.11 Right to Appeal 6.12 Repayment of Member 6.13 Repayment of Patronage Loans Section Seven GENERAL RESERVE AND ALLOCATION OF SURPLUS 7.01 General Reserve 7.02 Minimum Reserve 7.03 Allocation of Surplus 7.04 Computation of Business Done 7.05 Patronage Returns $2.00 7.06 Priority of Payment – Repaying Patronage Loans Section Eight MEETINGS OF MEMBERS 8.01 Annual Meetings 8.02 Special Meetings 8.03 Place of Meetings 8.04 Electronic Meetings 8.05 Notice of Meetings 8.06 Chairperson (and Secretary) 8.07 Persons Entitled to be Present 8.08 Quorum 8.09 Voting at the Meeting 8.10 Voting by Mail-In or Electronic Ballot Section Nine NOTICES IN WRITING 9.01 Method of Giving Notices in Writing 9.02 Undelivered Notices Section One DEFINITIONS Definitions 1.01 The following definitions apply in these by-laws: "Act" The Cooperatives Act, C.C.S.M. c. C223.
standard_form_non_share_capital.docx