JAMB - Economics (2014 - No. 35)
The voting power in co-operative societies is vested on
management
members without loan
shareholders
members with the highest contribution
Selitys
The following are Some of the features of a cooperative society are:-
1. Voluntary Association
2. Equal Voting Rights
3. Separate Legal Entity
4. Service Motive
1. Voluntary Association
2. Equal Voting Rights
3. Separate Legal Entity
4. Service Motive