BC cooperatives can have both member shares and equity shares, according to The Cooperative Association Act, which clearly defines the rights and responsibilities of both classes of shares. There may be different classes of equity shares, with different terms and dividend rates, for example.
Members of EcoReality Sustainable Land Use and Education Cooperative who wish to reside in the village will be expected to also hold a certain number of equity shares that will be equal to their share of the organization's total capitalization. (The Cooperative Association Act specifically states that ownership of equity shares cannot be a requirement of basic membership, but it can be used to proffer additional rights and privileges.)
We also allow minority equity shares to non-members, as allowed by The Cooperative Association Act.
Share your opinion
blog comments powered by Disqus