Fisheries (Amendment) Act, 1991

Ordinary membership of co-operative society.

7.—(1) The first ordinary members of a society shall be—

(a) the trustees appointed by the Minister under section 4 of this Act, and

(b) holders of annual share certificates for the year of its establishment.

(2) Any such trustee shall cease to be a member on ceasing to be a trustee.

(3) The holder of an annual share certificate of a society for any year shall be an ordinary member of the society for that year on the grant of the certificate.

(4) A person nominated by a corporate member of a society under section 8 of this Act shall on the grant to him of an annual share certificate for any year be an ordinary member of the society for that year.