NSWIn ForceAct
Co-operatives (Adoption of National Law) Act 2012
471Supreme Court may order winding up
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#### 471 Supreme Court may order winding up
471 Supreme Court may order winding up
> > (1) The Supreme Court may order the winding up of a participating co-operative if—
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> > > (a) the co-operative’s authorisation to carry on business in this jurisdiction has been withdrawn under this Law; or
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> > > (b) the co-operative has been deregistered or has ceased to exist as a co-operative in the place in which it was registered, incorporated or formed or has ceased to carry on business in that place.
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> > (2) The Registrar may apply to the Supreme Court for the winding up of a participating co-operative on any of the grounds referred to in subsection (1).
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> > (3) The Registrar must give a copy of an application made under this section to the participating co-operative the subject of the application if it is still in existence.