Nominal or associate members.

Corporate1989184 sections

Statutory text

(1) A Co-operative Society may admit any person as nominal or associate member in accordance with its byelaws.
(2) A nominal member shall not be entitled to any share, in any form whatsoever, in the assets or profit of the Society.
(3) Save as provided in this section a nominal or associate member shall have such privileges and rights of a member and be subject to such liabilities of a member as may be specified in the bye-laws of the Society.

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