399Approval of merger

#### 399 Approval of merger 399 Approval of merger > > (1) The Registrar must approve a merger under an application under this Division if satisfied— > > > > > (a) this Division and the National Regulations have been complied with in relation to the application; and > > > > > (b) the proposed rules of the merged co-operative are consistent with this Law and may reasonably be approved; and > > > > > (c) the certificates of registration of the co-operatives have been surrendered to the Registrar; and > > > > > (d) there is no good reason why the merged co-operative and its rules should not be registered. > > > (2) On approving an application for merger, the Registrar must— > > > > > (a) cancel the registration of the co-operatives involved in the merger; and > > > > > (b) register the merged co-operative and its rules; and > > > > > (c) issue to the merged co-operative a certificate of registration under this Law. > > > (3) A merger takes effect on the issue of the certificate of registration for the merged co-operative.