Suitable for a co-operative that provides services to its own members.
Members may be individuals or organisations and are generally referred to as ‘users’.
Model Key Features
- Governing Act: Companies Act 2006.
- Members may hold more than one share in the co-operative, but have one vote only on any business to be decided in general meetings.
- Board composition: elected Board.
- Includes an option for a common or co-ownership dissolution provision.
Download the model here.