Canada Cooperatives Act

Marginal note:Issuance of certificate of incorporation

• 12 (1) The Director must issue a certificate of incorporation for a cooperative if the Director is satisfied that

  • (a) the articles are in accordance with section 11 and, if applicable, section 353 and subsection 359(2);

  • (b) the cooperative will be organized and operated and will carry on business on a cooperative basis;

  • (c) the cooperative will comply with Part 20 or 21, if applicable; and

  • (d) a notice that is required to be given under subsection 30(2) or 81(1) indicates that the cooperative, if it came into existence, would be in compliance with the Act.

• Marginal note:Reliance on articles

  (2) For the purposes of paragraphs (1)(b) and (c), the Director may rely on the articles required by section 10.