Definitions

(40) “surplus refund” means the refund from the surplus given/ credited to the accounts of members, in proportion to their use of the services of the cooperative in accordance with the articles of association and resolutions of the general body ; (1) The funds mobilized by a cooperative shall be primarily for the furtherance of its objectives. (2) Such of its funds as are not needed for use in its business, a cooperative may invest or deposit, outside its business, in any non-speculative manner.