Victorian Consolidated Legislation

Co-operative Housing Societies Act 1958 - SECT 12

Registrar may register merged society

12. Registrar may register merged society





(1) If, in relation to an application under this Division by societies for
registration of a proposed merger, the Registrar is satisfied that-

   (a)  the societies involved have complied with section 11; and

   (b)  the proposed rules of the merged society are adequate; and

   (c)  each authorised deposit-taking institution or other person (if any) in
        whose favour a guarantee under Part V is in force in relation to the
        societies consents to the merger;

   (d)  the certificates of incorporation of the societies involved in the
        merger have been surrendered to the Registrar; and

   (e)  there is no good reason why the merged society and its rules should
        not be registered-

the Registrar must-

   (f)  register the merged society; and

   (g)  register its rules; and

   (h)  cancel the registration of the societies involved in the merger.

(2) On registering the merged society, the Registrar must issue a certificate
of incorporation to the society.



(3) A merger takes effect on the issue of the certificate of incorporation
under subsection (2).