Membership Rights

The rights of our members are governed under the BC Cooperative Association Act and ICSC Rules, which all members receive a copy of.  Each membership share is entitled to one vote at any general meeting called under the Act.

 

How To Become a Member of ICSC

The membership fee for ICSC is $50 per membership share.  As such, shareholders can be “lifetime” supporting members of ICSC with a one time payment!  Individuals are required to have at least one share, and two or more people may purchase a joint membership.  Businesses or community groups may also become members by purchasing shares.  Member shares are redeemable or transferable within specific limitations set out in the ICSC Rules.  In specific, ICSC will issue payment for redeemed membership shares one year from the date of withdrawal from membership.

To become a member of the Island Solar Community Co-op you need to fill in a membership application form (link below) and forward it to our Treasurer Frank Pluta along with payment to the address below:

Frank Pluta
Treasurer, ICSC
c/o
Unit 308 – 347 Seventh Street
Nanaimo, BC  V9R 1E3
Email: info@islandsolarcoop.ca

Investment shares will be available after the launch of our first official project.  With some exceptions and due to BC Securities Commission BC Instrument 45-530, only individuals who have been members of the co-op for at least one year will be able to purchase investment shares – so if you intend on becoming an investor, become a member now!  Members will be kept informed of opportunities to invest – check our For Investors page periodically and watch your email for updates. The proceeds from investment shares will be used to fund Vancouver Island and area ICSC solar PV projects.

Download membership application form.