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s 333

How this Division applies to a transfer of engagements

In force
Part 12Merger, transfer of engagements, winding‑up
Division 6Effect of merger etc. on property, liabilities etc.

333 How this Division applies to a transfer of engagements

(1)

This Division applies to a transfer of the engagements of a co‑operative to another co‑operative under Division 1.

(2)

In the application of this Division to a transfer of engagements —

new body means the co‑operative to which the engagements are transferred;

original body means the co‑operative that transfers its engagements;

relevant day means the day on which the transfer of engagements takes effect.

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