Beaver Creek Housing Cooperative

3.1: Membership (7.3.1)

To become members of the Co-op, applicants must be approved by the Board and move in to the Co-op.

3.2: Applications for Membership (7.3.2)

1. Persons must apply for membership in writing on the form that the Co-op provides.
2. The completed application must be accompanied by the lifetime membership fee as stated in the Articles of Incorporation.
3. If the applicant is not approved for membership, the membership fee will be refunded.
4. All members of the household who are 16 years or older, who are not dependents, and who intend to live in the Co-op, must apply for membership.
5. New members must:
   • (a) sign the occupancy agreement; and
   • (b) satisfy all the financial requirements of the Co-op.

3.3: Qualifications for membership (7.3.3)

1. To become members of the Co-op, applicants must be 16 years or older.
2. Applicants must meet the criteria set out for membership in the Co-op's membership policy as set out in Schedule A of By-law #8, the Occupancy By-law
3. Employees of the Co-operative shall not be admitted for membership.

3.4: Applications for membership from in-situ residents (7.3.4)

1. When someone occupying a unit as part of member's household reaches the age of 16, that person can apply for membership in the Co-op.
2. If accepted, the person must sign an occupancy agreement.
3. If the resident is not accepted for membership, or if the resident does not apply, she/he can continue to live in the unit, and the members occupying the unit will continue to be responsible to the Co-op for the resident's behaviour.

3.5: Refusal of applications (7.3.5)

The Board is not required to give reasons for the refusal of an application for membership in the Co-op.

3.6: Transfers of membership (7.3.6)

Members cannot transfer their membership to any other person. Membership ends when a member dies or moves out.