s 303
In forceApproval of transfer of engagements
Part 12Merger, transfer of engagements, winding‑up
Division 1Mergers and transfers of engagements
303 Approval of transfer of engagements
(1)
The Registrar must approve a transfer of engagements pursuant to an application under this Division if satisfied that —
(a)
this Division has been complied with in relation to the application; and
(b)
the rules or proposed rules of the transferee co‑operative are adequate; and
(c)
in the case of a total transfer of engagements from a co‑operative, the certificate of registration of the co‑operative has been surrendered to the Registrar; and
(d)
there is no good reason why the transfer of engagements should not take effect.
(2)
A transfer of engagements takes effect on the day specified in the approval of the Registrar.
Research tools for this sectionPro
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.