Canada Cooperatives Act
Version of section 137 from 2011-11-29 to 2024-10-30:
Marginal note:Borrowing
137 Unless the articles, the by-laws or a unanimous agreement provide otherwise, the directors may, subject to subsection 126(2), without the authorization of the members or shareholders,
(a) borrow money;
(b) give debt obligations;
(c) give guarantees;
(d) create security interests in its property; and
(e) despite paragraph 108(e) and subsection 109(3), delegate any power referred to in any of paragraphs (a) to (d).
- 1998, c. 1, s. 137
- 2001, c. 14, s. 180
- 2011, c. 21, s. 83(F)
- Date modified: