Victorian Consolidated Legislation

Co-operative Housing Societies Act 1958 - SECT 16

Day on which transfer of engagements takes effect

16. Day on which transfer of engagements takes effect





(1) The society directed to transfer its engagements, and the society the
board of which has consented to the transfer, must apply to the Registrar for
a certificate confirming the transfer-

   (a)  within the time specified in the direction; and

   (b)  in the way and form required by the Registrar.



(2) Unless the Registrar is satisfied that there is good reason for refusing
the application, the Registrar must issue a certificate confirming the
transfer of engagements.

(3) The transfer of engagements takes effect on the issue of the certificate
under subsection (2).

(4) The society directed to transfer its engagements must surrender its
certificate of incorporation to the Registrar and the Registrar must cancel
the registration of the society.