This legislation has been repealed.
(1) Before applying for registration as a cooperative, the corporation must pass a special resolution in accordance with its articles of association or rules approving of—
(a) the proposed registration; and
(b) any alterations of its existing memorandum and articles of association or rules necessary to allow the corporation to comply with this Act.
(2) At the meeting to pass the special resolution—
(a) the proposed rules of the proposed cooperative approved under section 21, and including active membership provisions in accordance with part 6, must also be passed by special resolution; and
(b) for a proposed trading cooperative—a disclosure statement approved under section 20 must be presented to the meeting.