Australian Capital Territory Consolidated Acts

COOPERATIVES ACT 2002 - SECT 67

    (1)     A person ceases to be a member of a cooperative in each of the following circumstances:

        (a)     the person's membership is cancelled under part 6 (Active membership);

        (b)     the person is expelled or resigns in accordance with the rules of the cooperative;

        (c)     the person becomes bankrupt, or the person's property becomes subject to control under the law relating to bankruptcy, unless the rules of the cooperative otherwise provide;

        (d)     the person dies;

        (e)     the contract of membership is rescinded on the ground of misrepresentation or mistake;

        (f)     for a corporation—the corporation is deregistered.

    (2)     On the death of a member, the member's estate remains liable as the member until the member's personal representative or someone else is registered in the member's place.