3.20
CurrentAcquisition and disposal of assets (section 359)
Chapter 3Management and operation of co-operatives
3.20 Acquisition and disposal of assets (section 359)
(1)
For the purposes of section 359 (1)
(b)
of the Law, the prescribed percentage is 25% or (in relation to a particular co-operative) a greater percentage not exceeding 50% specified in the rules of the co-operative.
(2)
For the purposes of section 359 (1)
(c)
of the Law, the prescribed percentage is 5%.
(3)
For the purposes of section 359 (1)
(d)
of the Law, the prescribed percentage is 25% or (in relation to a particular co-operative) a greater percentage not exceeding 50% specified in the rules of the co-operative.
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