(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.