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Canada Cooperatives Act

Version of section 190 from 2003-01-01 to 2018-04-30:

Marginal note:Proof of ownership

 If a cooperative restricts the right to transfer its investment shares, the cooperative may, despite section 189, treat a person as the registered holder of a security if the person provides the cooperative with evidence that reasonably meets the requirements of the cooperative that the person is

  • (a) the heir of a deceased security holder, or the fiduciary of the estate or succession of a deceased security holder, or of a registered security holder who is a minor, an incompetent or incapable person or a missing person; or

  • (b) a liquidator of, or a trustee in bankruptcy for, a registered security holder.

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