Western Australian Current Acts

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CO-OPERATIVES ACT 2009 - SECT 295

295 .         Consequences of prohibited offer

        (1)         If a person makes an offer to purchase shares in a co-operative in contravention of this Division —

            (a)         the person cannot be registered as the holder of the shares concerned; and

            (b)         if the transfer of the shares is registered, the person cannot vote at a meeting of, or in a postal ballot conducted by, the co-operative.

        (2)         A vote cast by or for a member when the member cannot vote because of this section must be disregarded.



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