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Co-operatives Act 2009
Part 13Arrangements and reconstructions
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Part 13 — Arrangements and reconstructions
Division 1 — General requirements
338. Requirements for binding compromise or arrangement 293
339. Supreme Court ordered meeting of creditors 294
340. Registrar to be given notice and opportunity to make submissions 294
341. Results of 2 or more meetings 295
342. Persons disqualified from administering compromise etc. 295
343. Application of Schedule 4 to person appointed 296
344. Application of Corporations Act to person appointed 296
345. Copy of order to be attached to rules 296
346. Directors to arrange for reports 297
347. Power of Supreme Court to restrain further proceedings 298
348. Supreme Court need not approve compromise or arrangement takeovers 298
Division 2 — Explanatory statements
349. Explanatory statement required to accompany notice of meeting etc. 298
350. Requirements for explanatory statement 300
351. Contravention of Division: offence by co‑operative 301
Division 3 — Facilitating reconstructions and mergers
352. Provisions for facilitating reconstructions and mergers 301
Division 4 — Acquisition of shares of dissenting shareholders
353. Terms used 303
354. Schemes and contracts to which Division applies 303
355. Acquisition of shares pursuant to notice to dissenting shareholder 304
356. Restrictions when excluded shares exceed 10% 305
357. Remaining shareholders may require acquisition 305
358. Transfer of shares pursuant to compulsory acquisition 306
359. Disposal of consideration for shares compulsorily acquired 307
Division 5 — Miscellaneous
360. Notification of appointment of scheme manager 308
361. Power of Supreme Court to require reports 308
362. Effect of out‑of‑jurisdiction compromise or arrangement 309
363. Jurisdiction to be exercised in harmony with Corporations Act jurisdiction 309
364. Registrar may appear etc. 309