New South Wales Consolidated Acts

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CO-OPERATIVES ACT 1992 - SECT 23

Formation meeting

23 Formation meeting

(cf Vic Act s 23)

(1) Before applying for registration as a co-operative, the body corporate must pass a special resolution in accordance with its articles of association or rules approving of:
(a) the proposed registration, and
(b) any alterations of its existing memorandum and articles of association or rules necessary to enable the body corporate to comply with this Act.
(2) At the meeting to pass the special resolution:
(a) the proposed rules of the proposed co-operative approved under section 18, and including active membership provisions in accordance with Part 6, must also be passed by special resolution, and
(b) in the case of a proposed trading co-operative, a disclosure statement approved under section 17 must be presented to the meeting.



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