26. No individual to hold more than one-fifth of share capital of society

Terms defined in s 2

• member

  member

  Defined · s 2

  “member” includes a person or registered society joining in the application for the registration of a society, and a person or registered society admitted to membership after registration in accordance with the by-laws;

  Open s 2
• registered society

  registered society

  Defined · s 2

  “registered society” means a co-operative society registered under this Act;

  Open s 2