The Slocan Valley Co-operative Association

MEMORANDUM OF ASSOCIATION

1. The purpose of the Association is to carry on the business of storekeeper in all its branches, to buy, sell, rent, lease or hold real and personal property, and such other activities as are deemed necessary and desirable to serve the needs of the members.

2. The authorized share capital of the Association consists of an unlimited number of membership shares with a par value of twenty-five dollars ($25.00) each.

3. The liability of a member or investment shareholder of the Association is limited in accordance with the Cooperative Association Act.

4. Section 196 (1) of the Cooperative Association Act does not apply to the Association.

To learn about all the bylaws associated with our Slocan Valley Co-op please download the link below.