New South Wales Consolidated Acts

CO-OPERATIVES ACT 1992 - SECT 28

28 Conversion of co-operative

(cf Vic Act s 28)

(1) A co-operative may, by alteration of its rules, convert from a trading co-operative to a non-trading co-operative or vice versa.

(2) An alteration of the rules for the conversion of a co-operative must be approved by special resolution passed by means of a special postal ballot.