Western Australian Numbered Acts

CO-OPERATIVES ACT 2009 (NO. 24 OF 2009) - SECT 13

13 .         Distributing co-operatives

        (1)         A distributing co-operative must have a share capital.

        (2)         A distributing co-operative is a co-operative whose rules allow it to give returns or distributions on surplus or share capital.

        (3)         A distributing co-operative must have a membership of —

            (a)         for a co-operative group, 2 or more co-operatives; and

            (b)         for any other distributing co-operative —

                  (i)         if a lesser number than 5 is prescribed by the regulations, at least that number of active members; or

                  (ii)         otherwise, 5 or more active members.