Northern Territory Consolidated Acts

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CO-OPERATIVES ACT - SECT 14

Trading co-operatives

14. Trading co-operatives

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

(2) A trading co-operative is a co-operative that gives returns or distributions on surplus or share capital.

(3) A trading co-operative must have a membership of:

(a) 2 or more co-operatives, in the case of an association;

(b) 2 or more associations, in the case of a federation; and

(c) 5 or more active members, in the case of any other trading
co-operative.



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