WHO ARE
CO-OPERATIVE SOCIETY MEMBERS?
5.1b. Most
persons today don’t know the formalities of setting up Co-operative Society, and
because they want to get all benefits to themselves, they the write names of
anybody they feel like in their Club Note or Membership Register and claim that
they are his/her members. But from the co-operative design, who actually are
qualified to member of the co-operative society?
a. Membership:
The membership shall consist of:-
(1)
Person
who join in the application for registration
(2)
Person
admitted in accordance with these bye-laws.
b. Every member of
the Society must be:-
(1) Ordinarily resident in THE STATE. But a
member who departs the field of membership of the Society, may retain his
membership therein, but may not borrow there from in excess of his/her saving
and share capitals;
(2) Someone of good character;
(3) Somebody that is not less than 18 years of
age, except in the case of the minor heir of a
deceased member and where the Director
grants exemption from this qualification:
(4)
Someone that is not already a member of any other Society of which the
primary objectives is to grant loans to
its member, except with the permission of the Director.
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