Western Australian Current Acts

CO-OPERATIVES ACT 2009 - SECT 66

66 .         Rights of membership not exercisable until registered etc.

        (1)         A member of a co-operative is not entitled to exercise any rights of membership until —

            (a)         the member’s name appears as a member in the register of members, directors and shares referred to in section 230(1)(a); and

            (b)         the member has made a payment to the co-operative for membership or acquired a share or interest that is provided for in the rules of the co-operative.

        (2)         The board of a co-operative must ensure that the name of a person admitted to membership is recorded as a member in the register of members, directors and shares within 28 days after the person is admitted to membership.

        Penalty for this subsection: a fine of $2 000.

        [Section 66 amended: No. 7 of 2016 s. 200.]