33
CurrentFormation meetings held under the repealed Act, s 23
Part 5Transitional and saving provisions for repealed Cooperatives Act 1997
Division 3Formation
33 Formation meetings held under the repealed Act, s 23
(1)
This section applies if—
(a)
before the commencement, a formation meeting was held under section 23 of the repealed Act in relation to a corporation; and
(b)
immediately before the commencement, an application for registration of the corporation as a cooperative had not been made under section 22 of the repealed Act.
(2)
The formation meeting is taken to have been held under section 30 of the Law.
(3)
A special resolution made at the meeting approving the proposed registration is taken to be a special resolution approving registration as a co-operative under the Law.
This Act’s bill:Explanatory memorandumSecond reading speech
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