KOOTENAY COOPERATIVE RADIO
RULES OF THE COOPERATIVE
PRELIMINARY
1.1 In these Rules, unless the context otherwise requires, words importing the singular include the
plural, and vice versa, and words importing persons include corporations.
“Act” means the Cooperative Association Act; and “Director”, “special resolution”, “general meeting”,
“memorandum”, “officer”, and “Rules” have the meaning assigned to them in the Act.
“Association” and “Cooperative” both mean Kootenay Cooperative Radio.
“Board of Directors” means the governing body of the Cooperative.
“Consensus” refers to a non-adversarial decision-making process in which members work together
until they arrive at a mutually satisfactory decision.
“The cooperative” means Kootenay Cooperative Radio.
“Working Group” means an ongoing committee appointed and so designated by the Board of Directors.
MEMBERSHIP
2.1 Any person over the age of 16 may make application in writing to the Board of Directors for
membership, who my refuse or postpone it.
3.1 Persons who are members of the Association shall be alloted one (1) share for membership in the
Association. The Association may, by special resolution, from time to time vary the number of shares to
be held pursuant to these Rules, to a maximum of 100 shares.
4.1 The Board of Directors may also consent to withdrawal from membership in any other case where
it seems just and equitable.
4.2 Where a member is charged with conduct detrimental to the cooperative, the member may be
expelled from membership by special resolution.
4.3 A member may withdraw from membership in the cooperative by giving written notice to the
directors of the member’s intention to withdraw and surrendering any share certificates in respect of
membership shares.
4.4 The membership of a member ceases on the date the member has complied with the requirements
under rule 4.3
4.5 Notice to the cooperative of the death or bankruptcy of a member has the same effect as a notice of
intention to withdraw.
SHARES
5.1 Shares in the cooperative shall be paid in full in cash.
6.1 The Directors may make calls on the members for any money unpaid on their shares, and a call
shall be deemed to have been made at the time when the resolution of the Directors authorizing the
calls was passed. At the discretion of the Directors, the member may or may not be charged interest on
the outstanding balance.
7.1 Every person whose name is entered in the register of members shall, without payment, be entitled
to a share certificate in a form approved by the Board of Directors. No shares will be issued jointly.
8.1 Shares are not transferable, but may be redeemed by the Cooperative.
9.1 On termination of membership, other than in the case of expulsion, a person shall not be entitled to
any repayment or refund of any amount paid on account of shares.
9.2 On termination of membership and repayment or refund of any amount paid on account of shares,
as may be required by Rule 9.1, the share certificate of the member shall be deemed to be cancelled and
the records of the Cooperative noted accordingly.
9.3 On termination of membership any amount paid on account of shares and not required to be repaid
or refunded in accordance with Rule 9.1, shall become part of the contributed surplus of the
Cooperative.
9.4 The cooperative will not issue investment shares.
FORFEITURE OF SHARES
10.1 If a member fails to pay any call on the day appointed for the payment thereof, the Directors may
at any time thereafter serve a notice on him/her requiring payment within 30 days from the date of the
notice of so much of the call that is unpaid.
10.2 If the requirements of any such notice are not complied with, any share in respect of which the
notice has been given may at that time thereafter, before payment required by the notice has been made,
be forfeited by resolution of the Directors to that effect.
10.3 A forfeited share may be sold or otherwise disposed of, or cancelled on such terms as the
Directors think fit.
10.4 A person whose share has been forfeited shall be suspended from the Association until he/she
pays for the share.
GENERAL MEETING
11.1 The first General Meeting of The cooperative shall be held in the third month from the date of
incorporation at such time and place as the Directors determine.
12.1 A general meeting shall be held at least once in every year within four months of the end of the
financial year. Semi-annual or other periodic general meetings may be held as the Directors or
members decide.
13.1 The Directors may call a special general meeting when they think fit, in accordance with Section
150 of the Act.
14.1 Every member shall be given 14 days notice of every annual and special general meeting,
specifying place, day and hour of the meeting, and in the case of special business, the general nature of
the business shall be given to every member.
15.1 No business shall be transacted at a general meeting unless ¼ of the membership or 25 members,
whichever is the lesser, are personally present when the meeting proceeds to business, providing there
shall never be less than 3 persons present.
16.1 The Directors shall provide one of their number to serve as Chair at general meetings.
17.1 If there is no Chair present within 30 minutes of the time appointed for holding a general meeting,
the members present shall choose someone who need not be a member to preside as Chair for the
meeting.
18.1 If within 30 minutes from the time appointed for a general meeting a quorum is not present it
shall be adjourned to the same day, time and place, one week later. If a quorum is not present within 30
minutes of the adjourned meeting, the members present shall form a quorum, providing there shall
never be less than 3 persons present.
19.1 The Chair may, with the consent of the meeting at which a quorum is present, adjourn the
meeting
