Part 14 — Winding-up, Liquidation and Dissolution of Cooperatives Division 1 Receivers and Receiver-Managers
314 Court-ordered dissolution for questionable activities
cooperative or any of its affiliates on the application of a member
or an investment shareholder if the Court is satisfied
(a) that any of the following is oppressive or unfairly
prejudicial to, or unfairly disregards the interests of, a
member, investment shareholder, security holder, creditor,
director or officer:
(i) a result effected by an act or omission of the cooperative
or any of its affiliates;
(ii) the manner of conducting or carrying on the business or
affairs of the cooperative or any of its affiliates;
(iii) the manner of exercising th e powers of the directors of
the cooperative or any of its affiliates,
(b) that events have occurr ed that entitle a member or
investment shareholder to demand, in accordance with a
unanimous agreement, that the cooperative be dissolved, or
(c) that it is just and equitabl e that the cooperative be liquidated
and dissolved.
(2) On an application under this section, a Court may make any
order under this section or section 357 that it thinks fit.
(3) Section 358 applies to an application under this section.