Effect of appointment of administrator
386 Effect of appointment of administrator
On the appointment of an administrator of a co-operative—
the directors of the co-operative cease to hold office; and
all contracts for the provision of secretarial or administrative services for the co-operative are terminated; and
the administrator may terminate any contract of employment with the co-operative or any contract for providing other services to the co-operative.
An administrator of a co-operative has the functions of the board of the co-operative, including the board’s powers of delegation.
A director of a co-operative must not be appointed or elected while the administrator is in office except as provided by this Division.
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