s 312
In forceNew body is a continuation of the co‑operative
Part 12Merger, transfer of engagements, winding‑up
Division 2Transfer of incorporation
312 New body is a continuation of the co‑operative
(1)
When a co‑operative transfers to a new body, the corporation constituted by the new body is taken to be the same entity as the corporation constituted by the co‑operative.
(2)
Without limiting subsection (1), Division 6 applies to a transfer under this Division.
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