Mr. Speaker, I move, seconded by the honourable Member for Great Slave, that Bill 64, An Act to Amend the Co-operative Associations Act, be read for the second time.
This bill amends the Co-operative Associations Act to define the essential characteristics of a co-operative enterprise; improve procedures for the incorporation, naming, amalgamation and continuance of co-operative associations; clarify rules respecting joint membership; permit the directors of a co-operative to terminate a membership; clarify requirements for the redemption of shares; clarify responsibilities of directors; provide for the removal of a director; simplify filing requirements; provide co-operatives with greater flexibility in respect of financial reserves; allow co-operative federations to meet by conference call and expand options for the determination of voting representatives; eliminate unnecessary or duplicative regulatory requirements; and make non-substantive amendments that enhance clarity and readability.
Thank you, Mr. Ramsay. The motion is in order. To the principle of the bill.
Question.
Question has been called. The motion is carried.
---Carried
Bill 64 has had second reading and is moved to standing committee.
The honourable Premier, Mr. McLeod.
