Western Australian Current Acts

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CO-OPERATIVES ACT 2009 - SECT 354

354 .         Schemes and contracts to which Division applies

        (1)         This Division applies to a scheme or contract involving a transfer of shares in a co-operative (the transferor ) to a person (the transferee ) that has, within 4 months after the making of the offer relating to the scheme or contract by the transferee, been approved by the holders of at least 90% in nominal value of all the shares (other than excluded shares) to which the offer relates.

        (2)         This Division does not apply to a scheme or contract arising out of the making of an offer to which Part 11 Division 2 applies.



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