385
CurrentAppointment of administrator by Registrar
Chapter 4Structural and other events for co-operatives
Part 4.1Appointment of administrator
Division 3Administration - alternative procedure
385 Appointment of administrator by Registrar
(1) The Registrar may, by written notice, appoint an administrator to conduct the affairs of a co-operative.
(2)
A notice of appointment must state:
(a)
the date of appointment; and
(b)
the appointee's name; and
(c)
the appointee's business address.
(3) If the appointee's name or business address changes, the appointee must immediately give written notice of the change to the Registrar.
(4) The Registrar must not appoint an administrator unless the necessary grounds for taking the action exist, as referred to in section 455.
This Act’s bill:Explanatory statement
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