Part 5 — Capital Structure Division 1 Membership Capital
127 Exception for holding own shares
hold, in the capacity of a legal representative, shares in itself, in its
holding corporation, or in its subsidiaries only if the cooperative,
holding corporation or subsidiaries do not have a beneficial interest
in the shares.
(2) A cooperative may hold shares in itself, its holding corporation
or its subsidiaries by way of security for the purposes of a
transaction entered into by it in the ordinary course of a business
that includes the lending of money.