New South Wales Consolidated Acts

CO-OPERATIVES ACT 1992 - SECT 311C

311C Approval of merger

(cf Vic Act s 303)

(1) The Registrar must approve a merger pursuant to an application under this Division if satisfied that:

(a) this Division has been complied with in relation to the application, and

(b) the proposed rules of the merged co-operative are consistent with this Act and the regulations and are such that may reasonably be approved, and

(c) the certificates of registration of the co-operatives have been surrendered to the Registrar, and

(d) there is no good reason why the merged co-operative and its rules should not be registered.

(2) On approving an application for merger, the Registrar must:

(a) cancel the registration of the co-operatives involved in the merger, and

(b) register the merged co-operative and its rules, and

(c) issue to the merged co-operative a certificate of registration under this Act.

(3) A merger takes effect on the issue of the certificate of registration for the merged co-operative.