Co-operative Act

The Co-operative Act is a law that governs how cooperatives—member-owned, democratically-run organizations—are formed, operated, and managed. It sets out rules to ensure transparency, fairness, and accountability, emphasizing that the primary goal is to serve members' needs rather than generate profit. The Act outlines how members can join or leave, how decisions are made, how profits are shared, and the responsibilities of leaders. It provides a legal framework to promote cooperative principles such as voluntary membership, democratic control, and concern for community, helping cooperatives function smoothly and fairly within the law.