Western Australian Current Acts

CO-OPERATIVES ACT 2009 - SECT 325

325 .         Effect of appointment of administrator

        (1)         On the appointment of an administrator of a co-operative —

            (a)         the directors of the co-operative cease to hold office; and

            (b)         all contracts of employment with the co-operative are terminated; and

            (c)         all contracts for the provision of secretarial or administrative services for the co-operative are terminated; and

            (d)         the administrator may terminate any contract for providing other services to the co-operative.

        (2)         An administrator of a co-operative has the functions of the board of the co-operative, including the board’s powers of delegation.

        (3)         A director of a co-operative cannot be appointed or elected while the administrator is in office except as provided by this Subdivision.

        [Section 325 amended: No. 7 of 2016 s. 117.]