2
CurrentApplication of Chapter 5 to existing registered foreign co-operatives not incorporated under corresponding law
2 Application of Chapter 5 to existing registered foreign co-operatives not incorporated under corresponding law
(1)
This clause applies to a body that was a foreign co-operative registered under the repealed legislation of this jurisdiction immediately before the commencement of this clause in this jurisdiction but that is not registered and incorporated under a corresponding co-operatives law.
(2)
The co-operative is taken to be a participating co-operative authorised to carry on business in this jurisdiction under Chapter 5, and that Chapter applies accordingly.
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