Canada Cooperatives Act (S.C. 1998, c. 1)

AMENDMENTS NOT IN FORCE

• — 2018, c. 8, s. 63

  • 63 Subsection 169(1) of the Act is replaced by the following:

    • Duty of intermediary

      • 169 (1) Shares of a cooperative that are registered in the name of an intermediary or their nominee and not beneficially owned by the intermediary must not be voted unless the intermediary, without delay after receipt of the prescribed documents, sends a copy of those documents to the beneficial owner and, except when the intermediary has received written voting instructions from the beneficial owner, a written request for those instructions.

• — 2018, c. 8, s. 71

  • 71 Section 251 of the Act is replaced by the following:

    • Copies to members and shareholders

      251 A cooperative shall send, within a prescribed period, a copy of the prescribed documents relating to financial disclosure to the prescribed shareholders, prescribed members and other prescribed persons.

• — 2018, c. 8, s. 88

  • 88 The Act is amended by adding the following after section 369:

    • Exemption

      369.1 The Director may, in the prescribed circumstances and on any conditions that the Director considers appropriate, exempt any cooperative or any other person from a requirement set out in subsection 52(1), 165(1), 166(1) or 169(1) or section 251 to send any notices or other documents, or classes of notices or other documents.