Australian Capital Territory Repealed Acts

This legislation has been repealed.

COOPERATIVES ACT 2002 (REPEALED) - SECT 315

    (1)     A cooperative may be wound up on a certificate of the registrar only if, under section 338A, the necessary grounds exist for taking that action.

    (2)     A winding-up on a certificate of the registrar begins when the certificate is given.

    (3)     On the giving of a certificate, the registrar may appoint a person to be the liquidator of the cooperative.

    (4)     The liquidator need not be a registered liquidator under the Corporations Act

.

    (5)     The registrar must prepare written notice of the liquidator's appointment.

    (6)     The notice is a notifiable instrument.

Note     A notifiable instrument must be notified under the Legislation Act

.

    (7)     The liquidator must give the security (if any) for the exercise of the liquidator's functions that the registrar directs.

    (8)     The liquidator is entitled to receive the fees decided by the registrar.

    (9)     Any vacancy in the office of liquidator must be filled by a person appointed by the registrar.