(1) On the
registration of a co-operative, the persons who signed the application for
registration become members of the co-operative.
(2) Other persons may
be admitted as members of the co-operative as provided by its rules.
(3) A person under 18
years of age may be admitted as a member of the co-operative unless the rules
of the co-operative provide otherwise.
(4) A corporation is
not, merely because it is a corporation, disqualified from being a member of a
co-operative unless the co-operative’s rules provide that corporations
are disqualified from being members.
(5) If 2 or more
co-operatives merge, the members of the merged co-operative are —
(a) the
members of the merging co-operatives; and
(b)
other persons admitted as members of the merged co-operative in accordance
with its rules.