Section 38
Inaugural general meeting
of Co-Operative Societies Act 1993
The inaugural general meeting of a proposed co-operative society shall be held by its proposed members to—
(a)
agree on the submission of the application of the co-operative society to be registered;
(b)
adopt the proposed by-laws;
36 Laws of Malaysia ACT 502
(c)
elect the members of the Board; and
(d)
carry out such other matter as may be required by its by-laws or the Commission.
(2)
The inaugural general meeting provided in subsection (1) shall have all the powers similar as in the annual general meeting under section 39 and the members shall have the same rights at the inaugural general meeting as provided for under the regulations and by-laws.