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CORPORATIONS REGULATIONS 2001 2001 No. 193 - REG 12.8.09
Member shares — unclaimed property
- (1)
- For clause 38 of Schedule 4 to the Act, section 1343 of the Act does
not apply in relation to a member share of the body corporate.
- (2)
- For
clause 38 of Schedule 4 to the Act, the constitution of the body corporate may
provide that if a member share is cancelled, and the value of the share is
transferred, the value of the share is to be treated as unclaimed moneys held
by the body corporate.
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