Western Australian Current Acts

CO-OPERATIVES ACT 2009 - SECT 124

124 .         Cancellation of membership prohibited in certain circumstances

                Unless the regulations otherwise provide, the board of a co-operative must not declare the membership of a member to be cancelled under this Part —

            (a)         if the co-operative is insolvent; or

            (b)         if the co-operative is under administration under the Corporations Act Part 5.3A as applying under this Act; or

            (c)         if a compromise or an arrangement is being administered in relation to the co-operative; or

            (d)         if the co-operative is in the course of being wound-up; or

            (e)         if an appointment of a receiver, whether or not a receiver and manager, of any property of the co-operative is in force; or

            (f)         if the co-operative has, for the purposes of being registered as a company under the Corporations Act, lodged with the Registrar a copy of the entry made in the minute book of the co-operative under section 185; or

            (g)         in other circumstances as may be prescribed by the regulations.