Canada Cooperatives Act

Marginal note:Charge, lien or hypothec on investment shares

• 129 (1) Subject to subsection 183(2), the articles may provide that the cooperative has a charge, lien or hypothec on an investment share registered in the name of a shareholder or the personal representative of a shareholder for a debt of the shareholder to the cooperative, including an amount unpaid as of the date a body corporate was continued under this Act, in respect of an investment share issued by it.

• Marginal note:Enforcement

  (2) A cooperative may enforce a charge, lien or hypothec referred to in subsection (1) in accordance with its by-laws.