18.—(1) Every society must maintain a register of members, and where a society issues shares to its members, a register of shares held by each member.
(2) Where a society issues permanent shares to its institutional members, the number of permanent shares held by each institutional member must be recorded in the society’s register of shares.
[3/2018]
(3) The register of members and shares is prima facie evidence of any of the following particulars entered in the register:
(a)
the date on which the name of any person was entered in the register as a member;
(b)
the date on which any such person ceased to be a member; and