s 160
In forceRestriction on total shareholding
Part 7Shares
Division 5Sale or transfer of shares
160 Restriction on total shareholding
The board of a co‑operative must not consent under section 158(1)(c) to the issue, sale or transfer of a share if, as a result of the issue, sale or transfer, the nominal value of the shares held by the purchaser or transferee would be more than the maximum permissible level of share interest applying under section 278.
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