Bylaws

1. MEMBER
   Any person who has paid for at least one share in the association, and whose application has been approved by the Board of Directors and recorded in the minutes.
   
2. INTEREST
   No interest is paid on shares.
   
3. DISTRIBUTION OF EARNINGS (ALLOCATION)
   After provisions for reserves and income tax, the remainder of the earnings will be divided among the members in proportion to the volume of business they have done throughout the year.
   
4. DIVIDENDS
   Dividends (a portion of the member's allocation) may be paid out to the members annually, provided the association has the cash flow to do so.
   
5. WITHDRAWAL FROM MEMBERSHIP
   Under the current bylaws, which the Board of Directors is required to uphold, a member may apply to withdraw or transfer his or her equity only if he or she meets one of the following requirements:
   • Estates - the member is deceased (paid upon receiving Board approval)
   • Over Age 70 - the member is 70 years of age or older (paid annually)
   • Moved - members who permanently move from our defined trading area. The trading area is defined as Central Alberta, and without restricting the generality of the foregoing, shall include; Hoadley, Falun, Hobbema, Stettler, Big Valley, Three Hills, Didsbury, Sundre, Rocky Mountain House and all intermediate points between the said municipalities and Red Deer. (paid annually)
   • Business may be considered for equity withdrawal if the business has moved outside the defined trading area or has been disolved

Please contact membership inquiries
for more information.