South Australian Consolidated Acts South Australian Consolidated Acts (1) The share capital
of a co-operative varies in amount according to the nominal value of shares
from time to time subscribed.
(2) Shares are to be
of a fixed amount which is to be specified in the rules of the co-operative.
(3) A co-operative may
have more than one class of shares provided the shareholding and the rights of
shareholders comply with the co-operative principles.
(4) Subject to this
Part and Part 4, shares must not be issued to a non-member.