Stay of proceedings
391 Stay of proceedings
If the Registrar appoints an administrator to conduct a co‑operative's affairs, a person must not begin or continue proceedings in a court against the co‑operative until the administrator's appointment is revoked other than with the leave of the designated tribunal and, if the tribunal gives leave, in accordance with any terms the tribunal imposes.
A person intending to apply for leave of the designated tribunal under subsection (1) must give the Registrar at least 10 days notice of intention to apply.
On the hearing of an application under subsection (1), the
Registrar may be represented and may oppose the application.
This Act’s bill:Explanatory statement
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