Queensland Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

COOPERATIVES ACT 1997 - SECT 69

69 Rights of membership not exercisable until registered etc.

(1) A member of a cooperative is not entitled to exercise any rights of membership until--

(a) the member's name appears in the register of members; and
(b) the member has made any payment to the cooperative for membership or acquired any share or interest that is provided in the rules of the cooperative.

(2) The board of a cooperative must ensure the name of a person admitted to membership is recorded in the register of members within 28 days after the person is admitted to membership.

Maximum penalty for subsection (2)--20 penalty units.



[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]