Co-operatives Act 2009
Div 4AProvisions applying to particular share subscriptions
Start here
Get a plain-English read of Div 4A
Turn the raw legal text into a practical explanation grounded in Co-operatives Act 2009.
Division 4A — Provisions applying to particular share subscriptions
150A. Term used: disclosure statement 107
150B. Application of this Division 107
150C. Application money to be held on trust 107
150D. Minimum subscription condition must be fulfilled before issue or transfer 108
150E. Repayment of money if disclosure statement condition not met 108
Division 4 — Disclosure and registration of interests in shares
-
Direction to disclose 109
-
Disclosure by member of relevant interests and instructions 110
-
Registration as trustee etc. on death of owner of shares 111
-
Registration as administrator of estate on incapacity of shareholder 112
-
Registration as Official Trustee in Bankruptcy 112
-
Liabilities of person registered as trustee or administrator 112
-
Notice of trusts in register of members 113
-
No notice of trust except as provided by this Division 113
Division 5 — Sale or transfer of shares
-
Sale or transfer of shares 113
-
Transfer on death of member 114
-
Restriction on total shareholding 114
-
Transfer not effective until registered 114
-
Non‑members become members on registration 114
Division 6 — Repurchase of shares
-
Purchase and repayment of shares 115
-
Deposit, debentures or CCUs instead of payment when share repurchased 116
-
Cancellation of shares 118