387Revocation of appointment

#### 387 Revocation of appointment 387 Revocation of appointment > > (1) An administrator holds office until the administrator’s appointment is revoked. > > > (2) The Registrar may, by written notice, revoke the appointment of an administrator. > > > (3) When a liquidator of a co-operative is appointed, the appointment of an administrator of the co-operative is automatically revoked. > > > (4) Immediately on the revocation of an administrator’s appointment, the administrator must prepare and give to the Registrar a report showing how the administration was carried out, and for that purpose an administrator has access to the co-operative’s books. > > > (5) On giving the report and accounting fully for the administration of the co-operative to the satisfaction of the Registrar, the administrator is released from any further duty to account for the administration of the co-operative other than because of fraud, dishonesty, negligence or wilful failure to comply with this Law. > > > (6) Before revoking the appointment of an administrator of a co-operative, the Registrar must— > > > > > (a) appoint another administrator; or > > > > > (b) appoint a liquidator; or > > > > > (c) ensure directors of the co-operative have been elected under the rules of the co-operative at a meeting called by the administrator under the rules of the co-operative; or > > > > > (d) appoint directors of the co-operative. > > > (7) Directors elected or appointed under subsection (6)— > > > > > (a) take office on revocation of the administrator’s appointment; and > > > > > (b) in the case of directors appointed under subsection (6)—hold office until the next annual general meeting of the co-operative after the revocation of the administrator’s appointment. > > > (8) This section has effect subject to section 390.