Canada Cooperatives Act
Marginal note:Delivery of articles
291 (1) Subject to any revocation under subsection 130(5) or 289(2), after an amendment has been adopted, articles of amendment must be sent to the Director in the form that the Director fixes, together with any information that the Director may require and a declaration of the directors
(a) that the cooperative will be organized and operated and will carry on business on a cooperative basis;
(b) if the cooperative is one to which Part 20 applies, that the cooperative will comply with Part 20; and
(c) if the cooperative is one to which Part 21 applies, that the cooperative will comply with Part 21.
Marginal note:Reduction of stated capital
(2) If an amendment effects or requires a reduction of stated capital, subsections 151(2) and (5) apply.
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