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Canada Cooperatives Act

Version of section 129 from 2003-01-01 to 2011-11-28:

Marginal note:Charge on investment shares

  •  (1) Subject to subsection 183(2), the articles may provide that the cooperative has a charge on an investment share registered in the name of a shareholder or the personal representative of a shareholder for a debt of the shareholder to the cooperative, including an amount unpaid as of the date a body corporate was continued under this Act, in respect of an investment share issued by it.

  • Marginal note:Enforcement

    (2) A cooperative may enforce a charge referred to in subsection (1) in accordance with its by-laws.

  • 1998, c. 1, s. 129
  • 2001, c. 14, s. 177

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