Housing Development Agency Act, 2008
R 385
Co-operatives Act, 2005 (Act No. 14 of 2005)SchedulesSchedule 1 : Special Provisions Relating to Certain Kinds of Co-operativesPart 2 : Worker Co-operatives5. Laid-off member |
| (1) | A temporary lay-off of a member does not result in termination of that member’s membership. |
| (2) | If a member is laid off and two years have elapsed since the date of the lay-off without the member having resumed employment with the co-operative, the board of directors may, in accordance with the constitution of a co-operative, terminate the membership of the member. |
| (3) | The provisions of item 4(2) to (5) apply to the termination of a member’s membership in terms of this item. |
