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s 330

Stay of proceedings

In force
Part 12Merger, transfer of engagements, winding‑up
Division 4Administration
Subdivision 3Administration: alternative procedure

330 Stay of proceedings

(1)

If the Registrar appoints an administrator to conduct a co‑operative’s affairs, a person cannot begin or continue proceedings in a court against the co‑operative until the administrator’s appointment is revoked except with the leave of the Supreme Court and, if the Supreme Court grants leave, in accordance with any terms that the Supreme Court imposes.

(2)

A person intending to apply for leave of the Supreme Court under subsection (1) must give the Registrar at least 10 days notice of intention to apply.

(3)

On the hearing of an application under subsection (1), the Registrar may be represented and may oppose the application.

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