Appointment of investigators
427 Appointment of investigators
The chief executive officer of the department may appoint a person or persons to hold an inquiry into the affairs of a co‑operative if the chief executive officer considers that it is desirable to do so for the protection, or otherwise in the interests, of the public or of the members or creditors of the co‑operative.
The chief executive officer of the department may vary the terms and conditions of appointment of an investigator if the investigator agrees to the variation.
In the course of an inquiry into the affairs of a co‑operative, an investigator may inquire into the affairs of a subsidiary of the co‑operative that, if the subsidiary were the co‑operative, would be affairs of the co‑operative.
An inquiry into the affairs of a subsidiary of a co‑operative may be conducted as if the subsidiary were the co‑operative.
[Section 427 amended: No. 7 of 2016 s. 164.]
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