Canada Cooperatives Act
Marginal note:Issuance of certificate of incorporation
12 (1) The Director must issue a certificate of incorporation for a cooperative if the Director is satisfied that
(a) the articles are in accordance with section 11 and, if applicable, section 353 and subsection 359(2);
(b) the cooperative will be organized and operated and will carry on business on a cooperative basis;
(c) the cooperative will comply with Part 20 or 21, if applicable; and
(d) a notice that is required to be given under subsection 30(2) or 81(1) indicates that the cooperative, if it came into existence, would be in compliance with the Act.
Marginal note:Reliance on certificate
(2) For the purposes of paragraphs (1)(b) and (c), the Director may rely on the articles and the declarations required by section 10.
- 1998, c. 1, s. 12
- 2001, c. 14, s. 140
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