"cooperative" means any body corporate to which this Act applies.
"cooperative entity" means a body corporate that, by the law under which it is organized and operated, is required to be organized and operated, and is organized and operated, on cooperative principles.

Cooperative basis
4(1)        For the purposes of this Act, a cooperative is organized and operated, and carries on business, on a cooperative basis if,
(a) subject to subsection (2), membership in the cooperative is open, in a non-discriminatory manner, to persons who can use the services of the cooperative and who are willing and able to accept the responsibilities of membership;
(b) subject to subsection (3), each of its members or each delegate representing a division of its members has only one vote;

For the entire Cooperatives Act, click here:

the_coop.htm  or  what_is_a_coop.doc