South Australian Consolidated Acts

SOUTH AUSTRALIAN CO-OPERATIVE AND COMMUNITY HOUSING ACT 1991 - SECT 56

56—Loss or destruction of certificates

        (1)         Subject to subsection (2), where a share certificate is lost or destroyed, the co-operative must, on application by the shareholder, issue a duplicate certificate to the shareholder within 21 days after the application is made or within such longer period as the Minister approves.

        (2)         The application must be accompanied by—

            (a)         a statement in writing that the certificate has been lost or destroyed, and has not been pledged or otherwise disposed of, and, if lost, that proper searches have been made; and

            (b)         an undertaking in writing that if it is found or received by the shareholder it will be returned to the co-operative; and

            (c)         if the co-operative so requires—the prescribed fee.