s 105
In forceAlteration by resolution of board
Part 5Rules
105 Alteration by resolution of board
(1)
The rules of a co‑operative may be altered by a resolution passed by the board if the alteration does no more than give effect to a requirement, restriction or prohibition imposed under the authority of this Act.
(2)
If the rules of a co‑operative are altered under this section, the co‑operative must cause the alteration to be notified in writing to its members as soon as practicable after the alteration takes effect and in any event not later than the day when notice is given to the members of the next annual general meeting of the co‑operative after the alteration takes effect.
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