Hometime

Hometime · Alberta legislation

RTA Residential Tenancies Act

RTA · Cooperatives Act

Part 5 — Capital Structure Division 1 Membership Capital

139 Loans from patronage returns

Current to 2023-12-07 · Official PDF

A cooperative may, by bylaw, require its members to lend to
it the whole, or any part that the directors may determine, of the
patronage returns to which they may become entitled in each
financial year, on the terms and at the rate of interest that the
directors determine, so long as the rate of interest does not exceed
the rate that is set out in the articles or the bylaws.