Malaysia legislation
Section 2
Section 2
In this Ordinance unless the context otherwise Interpretation. requires—
"bonus" means a share of the profits of a registered society divided among its members in proportion to the volume of business done with the society by them from which the profits of the society were derived;
"Committee" means the governing body of a registered society to whom the management of its affairs is entrusted;
"dividend" means a share of the profits of a registered society divided amongst its members in proportion to the share capital held by them;
"by-laws" means the registered by-laws made by a society in the exercise of any power conferred by this Ordinance, and includes a registered amendment of the by-laws;
"member" includes a person or registered society joining in the application for the registration of a society, and a person or registered society admitted to membership after registration in accordance with the by-laws and any rules;
"officer" includes a Chairman, Secretary, Treasurer, member of Committee or other person empowered under the rules or the by-laws to give directions in regard to the business of the society;
"registered society" means a co-operative society registered under this Ordinance;
"Registrar" means the Registrar of Co-operative Societies appointed under section 3 of this Ordinance, and includes any person when exercising such powers of the Registrar as may have been conferred upon him under that section;
"rules" means rules made under this Ordinance.