470
CurrentWinding up to relate to activities in this jurisdiction
Chapter 5Participating co-operatives
Part 5.4Winding up of participating co-operatives in this jurisdiction
470 Winding up to relate to activities in this jurisdiction
(1)
This Part applies to the winding up of the affairs of a participating co-operative in or in relation to this jurisdiction.
(2)
A participating co-operative may be wound up under this Part even though it has been wound up or deregistered or has otherwise ceased to exist as a co-operative under or because of the laws of the place in which it is registered, incorporated or formed.
(3)
This Part has effect in addition to, and not in derogation of, any other provisions of this Law or any other law with respect to the winding up of co-operatives.
This Act’s bill:Explanatory statement
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