Number of Shares to be held. The Co-op, by Special Resolution, may change the minimum number of Shares a member must hold. If the minimum number of Shares is increased by Special Resolution, each member is deemed to have subscribed for the increased number of Shares and must make any required additional payments for the Shares.
Appears in 3 contracts
Samples: Rules of Pine Ridge Housing Co Operative, Rules of Cooperative Housing Association, Rules of Byrne Creek Housing Co Operative
Number of Shares to be held. The Co-op, by Special Resolutionspecial resolution, may change the minimum number of Shares shares a member must hold. If the minimum number of Shares shares is increased by Special Resolutionspecial resolution, each member is deemed to have subscribed for the increased number of Shares shares and must make any required additional payments for the Sharesshares.
Appears in 1 contract
Samples: Rules of a Housing Cooperative
