law: Co-Operative Societies Act 2008 
  2. 
  
  Interpretation
  1.      In this Act, unless
  
  the context requires—
  “articles”
  
    means
  
  the Articles of Association of a society;
  “board”
  
    means
  
  the Board of Directors of a society;
  “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;
  “by-law  s” means the
  
  registered by-laws made of a society;
  “co-operative”
  
    or “co-operative
  
  society” means a body corporate registered under this Act which consists of
  
  a group of persons, with a commitment to joint action on the basis of democracy
  
  and self-help in order to secure a service or economic arrangement that is both
  
  socially desirable and beneficial to such persons;
  “Court”
  
    means
  
  the High Court of Justice;
  “Credit
  
  Union”  means
  
  a registered society the objects of which include the promotion of thrift and
  
  the creation of a source of credit for its members for provident and production
  
  purposes;
  “director”,
  
    means
  
  a member of the Board elected in accordance with section 69;
  “dividend”
  
    means
  
  a share of the profits of a registered society divided among its members in
  
  proportion to the share capital held by them;
  “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 this Act and the by-laws;
  “minor”
  
    means
  
  an individual under the age of 16 years;
  “national
  
  league”  or
  
  “National Council” means the apex body established under section 214;
  “officer”
  
    includes
  
  a director, secretary, treasurer, or other person empowered under the
  
  Regulations of by-laws to give directions in relation to the business of a
  
  registered society;
  “registered
  
  society”  or
  
  “society” means a co-operative society registered under this Act;
  “Registrar”
  
    means
  
  Registrar of Co-operatives.