law: Co-Operative Societies Act 2008 
  111.
  
  Purchase of shares
  1.      Subject to this
  
  section, a society may purchase or otherwise acquire any of its shares that—
  a.     
  
    are
  
  available for compulsory purchase pursuant to section 113; or
  b.    
  
    are
  
  offered for sale.
  1.      
  2.      Subject to subsection
  
  (4), a society shall pay in cash, within one year of the date of purchase, for
  
  any shares purchased pursuant to subsection (1).
  3.      Subject to subsection
  
  (4), a society shall pay a purchase price for a share purchased pursuant to
  
  this section equal to the par value of the share at the date of purchase
  
  together with any dividends declared but unpaid with respect to the share.
  4.      Subject to subsection
  
  (5), where a society purchases or otherwise acquires shares issued by it, those
  
  shares are deemed to be cancelled.
  5.      Where the by- a
  
  society limit the number of shares, any shares of the society purchased or
  
  otherwise acquired by the society may be treated as unissued shares.