Part 5 — Capital Structure Division 1 Membership Capital
140 Division 6 Loans and Guarantees Financial assistance
means financial assistance by means of a loan, guarantee or
otherwise.
(2) A cooperative may give financial assistance to any person for
any purpose.
(3) Subject to section 141, a cooperative must disclose to its
members and investment shareholders, in accordance with the
regulations, financial assistance that the cooperative gives to
(a) a member, investment shareholder or director of the
cooperative or of an affiliated cooperative,
(b) an associate of a membe r, investment shareholder or
director of the cooperative or of an affiliated cooperative, or
(c) any person for the purpose of or in connection with a
purchase of an investment share issued or to be issued by
the cooperative or an affiliated cooperative.