surplus refund definition

surplus refund means the refund from the surplus given/credited to the accounts of members, in proportion to their use of the services of the cooperative in accordance with the articles of association and resolutions of the general body;

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surplus refund means the refund from the surplus given to or credited to the accounts of, members, in proportion to their use or non use of the services of the cooperative in accordance with the byelaws and resolution of the general body;