Canada Cooperatives Regulations

23.4 (1) Subject to subsection (3), for the purpose of subsection 51(1) of the Act, the prescribed period for the directors to fix the record date is not more than 60 days before the particular action to be taken.

(2) For the purpose of subsections 51(3) and (4) of the Act, the prescribed period for the directors to fix the record date is not less than 21 days and not more than 60 days before the date of the meeting.

(3) For the purpose of subsection 51(6) of the Act, the prescribed period for the directors to provide notice of the record date shall begin not less than seven days before the date fixed.