Australian Capital Territory Repealed Acts

This legislation has been repealed.

COOPERATIVES ACT 2002 (REPEALED) - SECT 171

The board of a cooperative must not agree under section 169 or section 170 to the sale or transfer of a share if, because of the sale or transfer, the nominal value of the shares held by the purchaser or transferee would exceed—

        (a)     20% of the nominal value of the share capital of the cooperative; or

        (b)     if a lower percentage is provided under the rules of the cooperative—the lower percentage of the nominal value of the share capital of the cooperative.