114
In forceEffect of withdrawal on agreement under section 151
Chapter 3Amalgamation and withdrawal from amalgamation
Part 3Withdrawal from amalgamations
Division 3Giving effect to ballots
114 Effect of withdrawal on agreement under section 151
(1)
An agreement:
(a)
in force under section 151 immediately before the day on which registration of a newly registered organisation takes effect; and
(b)
to which the amalgamated organisation from which a constituent part has withdrawn to form the newly registered organisation is a party;
continues in force on and from that day as if references in the agreement to the amalgamated organisation included a reference to the newly registered organisation.
(2)
The General Manager must enter in the register kept under subsection 13(1) particulars of the effect of the withdrawal from amalgamation on the agreement.
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