(1) The rules of a
co-operative may —
(a)
require the payment by members of entry fees and regular subscriptions; and
(b)
provide for the repayment of those fees and subscriptions on a person ceasing
to be a member.
(2) The calculation of
the amount of a particular member’s regular subscription may be based on
the amount of business the member does with the co-operative.
(3) A co-operative
must give a person intending to become a member written notice of entry fees
or regular subscriptions payable by the member to the co-operative.
(4) A person who
becomes a member of a co-operative is not liable to pay entry fees or regular
subscriptions except —
(a)
those fees or subscriptions of which the person was given written notice
before becoming a member; and
(b) any
regular subscriptions that may be imposed in accordance with the rules and of
which the member has been given notice.