Registration as administrator of estate on incapacity of shareholder
153 Registration as administrator of estate on incapacity of shareholder
This section applies to a person (the appointed person) who is appointed under a law of a State or Territory relating to the administration of the estates of persons who, through mental or physical infirmity, are incapable of managing their affairs, to administer the estate of another person (the incapable person).
If the incapable person is the registered holder of a share in a co‑operative, the appointed person may be registered as the holder of that share as administrator of the estate of the incapable person.
If the incapable person is entitled in equity to a share in a co‑operative, the appointed person may, with the consent of the co‑operative and of the registered holder of that share, be registered as the holder of the share as administrator of the estate of the incapable person.
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