s 295
In forceConsequences of prohibited offer
Part 11Restrictions on the acquisition of interests in co‑operatives
Division 2Restrictions on certain share offers
295 Consequences of prohibited offer
(1)
If a person makes an offer to purchase shares in a co‑operative in contravention of this Division —
(a)
the person cannot be registered as the holder of the shares concerned; and
(b)
if the transfer of the shares is registered, the person cannot vote at a meeting of, or in a postal ballot conducted by, the co‑operative.
(2)
A vote cast by or for a member when the member cannot vote because of this section must be disregarded.
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