Tasmanian Consolidated Acts

COOPERATIVES ACT 1999 - SECT 65

      (1) A person ceases to be a member of a cooperative in each of the following circumstances and as otherwise provided by this Act:

(a) if the member's membership is cancelled under Part 6;

(b) if the member is expelled or resigns in accordance with the rules of the cooperative;

(c) if –

(i) the member becomes bankrupt; or

(ii) the member's property becomes subject to control under the law relating to bankruptcy –

unless provision is made to the contrary in the rules of the cooperative;

(d) on death;

(e) if the contract of membership is rescinded on the ground of misrepresentation or mistake;

(f) in the case of a member that is a body corporate, if the body is deregistered.

      (2) On the death of a member, the member's estate remains liable as the member until the member's personal representative or some other person is registered in the member's place.