Cooperative Association Act ([RSBC 1996] Chapter 28).
This Act provides for any 5 or more persons to form an association under this Act to carry on any lawful industry, trade or business on a cooperative basis. An association formed under this Act must include in its name the word " cooperative". The Act is divided into two parts, the first being; Establishment and Operation. Part 2 details, Housing Cooperatives. Sections 2-11 deal with the setting up of a cooperative ealing with capital, memorandum and rules, directors, registration of documents, and Conclusiveness of certificate.