Australian Capital Territory Repealed Acts

This legislation has been repealed.

COOPERATIVES ACT 2002 (REPEALED) - SECT 169

    (1)     A share in a cooperative may be sold or transferred only—

        (a)     in accordance with division 4.3 and section 170, on the death of a member; or

        (b)     to a person appointed to administer the estate of a shareholder under a law of a State or Territory relating to the administration of the estates of people who, through mental or physical infirmity, cannot manage their affairs; or

        (c)     with the board's agreement, to any person if there are reasonable grounds for believing that the person will be an active member of the cooperative.

    (2)     A share in a cooperative may be sold or transferred only in accordance with the rules of the cooperative.