(1) This section
applies to a person (the appointed person ) who is appointed under a law of a
State or Territory relating to the administration of the estates of persons
who, through mental or physical infirmity, are incapable of managing their
affairs, to administer the estate of another person (the incapable person ).
(2) If the incapable
person is the registered holder of a share in a co-operative, the appointed
person may be registered as the holder of that share as administrator of the
estate of the incapable person.
(3) If the incapable
person is entitled in equity to a share in a co-operative, the appointed
person may, with the consent of the co-operative and of the registered holder
of that share, be registered as the holder of the share as administrator of
the estate of the incapable person.