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Bill C-5

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RECOMMENDATION

His Excellency the Governor General recommends to the House of Commons the appropriation of public revenue under the circumstances, in the manner and for the purposes set out in a measure entitled ``An Act respecting cooperatives''.

SUMMARY

This enactment modernizes the law governing Canadian cooperatives so as to meet their needs. This modernization strengthens and clarifies the corporate governance rules relating to cooperatives and provides them with the ability to take advantage of financing vehicles available to other business entities.