sec.105JRules

### sec.105J Rules On the transfer day, the rules of the former co-operative become the rules of the association as if they had been sanctioned by the chief executive under this Act. However, if the former co-operative had, by special resolution, amended its rules to comply with this Act and the amendment does not take effect until its incorporation under this Act, subsection (1) applies to the rules as amended. s 105J ins 1997 No. 39 s 472 sch 7 amd 2020 No. 18 s 65 s ch 1 pt 2 (sec.105J-ssec.1) On the transfer day, the rules of the former co-operative become the rules of the association as if they had been sanctioned by the chief executive under this Act. (sec.105J-ssec.2) However, if the former co-operative had, by special resolution, amended its rules to comply with this Act and the amendment does not take effect until its incorporation under this Act, subsection (1) applies to the rules as amended.