Australian Capital Territory Repealed Acts Australian Capital Territory Repealed ActsThis legislation has been repealed.
(1) On the death of a member, the member's share in the cooperative may be transferred to a person other than an administrator or executor only with the agreement of the board of the cooperative.
(2) The board may only give its agreement under subsection (1) if there are reasonable grounds for believing that the person will be an active member of the cooperative.