Northern Territory Consolidated Acts Northern Territory Consolidated Acts27. Effect of registration
(1) The body corporate is to be taken to be incorporated under this Act on its registration.
(2) Except as expressly
provided in this Act or the Regulations, the registration and incorporation of
the body corporate as a
co-operative does not prejudice any right of a member
in respect of any shares held at the time of registration and incorporation.
(3) The change of registration and incorporation does not affect the identity of the body corporate, that is deemed to be the same body after registration as a co-operative as it was before, and no act, matter or thing is affected by the change.