454Deregistration of co-operative ceasing to exist

454 Deregistration of co-operative ceasing to exist

454 Deregistration of co-operative ceasing to exist

(1) As soon as practicable after a co-operative ceases to exist, other than on deregistration of the co-operative under section 444, the Registrar must deregister the co-operative by registering the cessation and cancelling the registration of the co-operative.

(2) The Registrar may remove from a register kept by the Registrar the name of a co-operative that has been deregistered or otherwise ceased to exist.

(3) A co-operative that has transferred its engagements to another co-operative is taken to have ceased to exist.