Australian Capital Territory Repealed Acts

This legislation has been repealed.

COOPERATIVES ACT 2002 (REPEALED) - SECT 127

    (1)     If a cooperative has a share capital, the board of the cooperative must declare the shares of a member to be forfeited at the same time as the member's membership is cancelled under section 126.

    (2)     The board's declaration has the effect of forfeiting the shares.

    (3)     This section does not affect the operation of section 133 (Repayment of amounts owing in relation to cancelled membership).