s 299
In forceRequirements before application can be made
Part 12Merger, transfer of engagements, winding‑up
Division 1Mergers and transfers of engagements
299 Requirements before application can be made
(1)
Before co‑operatives can apply for approval under this Division of a merger or transfer of engagements, the proposed merger or transfer must have been approved by each of the co‑operatives by —
(a)
a special resolution passed by means of a special postal ballot; or
(b)
if permitted by subsection (2), a resolution of the board of the co‑operative.
(2)
The proposed merger or transfer of engagements may be approved by resolution of the board of a co‑operative if the Registrar consents to that procedure applying in the particular case.
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