Northern Territory Consolidated Acts Northern Territory Consolidated Acts23. Formation meeting
(1) Before applying for registration as a co-operative, the body corporate must pass a special resolution in accordance with its constitution or rules approving of:
(a) the proposed registration; and
(b) any alterations of its existing constitution 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.