(1) If the Registrar
is satisfied that the co-operative has complied with this Act, and that a
special resolution passed by special postal ballot is not contrary to this
Act, the Registrar must register the special resolution.
(2) If the Registrar
considers that the effect of a special resolution lodged for registration
would be in contravention of this Act or any other law, the Registrar —
(a) may
refuse to register the special resolution; and
(b) must
give written notice to the co-operative that the special resolution —
(i)
in the case of a special resolution referred to in
section 180(2), has no effect; and
(ii)
in any other case, has no effect as from the date that it
was passed.
(3) A certificate of
registration of a special resolution given by the Registrar is, in favour of
any person advancing money to the co-operative on the faith of the certificate
or in favour of any guarantor of that advance, evidence that the resolution
was properly passed.