Northern Territory Consolidated Acts Northern Territory Consolidated Acts28. Conversion of co-operative
(1) A co-operative may, by alteration of its rules, convert from:
(a) a co-operative with share capital to a co-operative without share capital or vice versa; or
(b) 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.