374
CurrentRequirements to be satisfied before offer can be made
Chapter 3Management and operation of co-operatives
Part 3.5Restrictions on acquisition of interests in co-operatives
Division 2Restrictions on certain share offers
374 Requirements to be satisfied before offer can be made
(1)
A person must not make an offer to which this Division applies unless the making of the offer has been approved—
(a)
by special resolution by a special postal ballot; and
(b)
by the Registrar.
(2)
Despite subsection (1), an offer referred to in section 373 (1) (e) can be made even if it has not been approved as referred to in subsection (1) if it is made in circumstances stated in, and in accordance with the requirements of, the National Regulations.
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