Near-north Ontario, French River | As other poster said , depends on what the bylaws say.. but yes probably a member vote ( bylaws should specify the level of vote required ie. total votes required ( probably some percentage of the membership shares ) , simple majority, super majority or something in between ) followed by a liquidation of assets .
edit. : it would be very important for the Board to due their due diligence before bringing a vote to dissolve the co-op to the membership.. that would include legal , as well as accounting advice. I don't know what your circumstances are, but the Board would have to recommend the dissolution, after undertaking due diligence, to the membership.
Edited by Thud 9/25/2021 16:28
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Coops
