479Approval of merger

#### 479 Approval of merger 479 Approval of merger > > (1) If the local Registrar is the appropriate Registrar, he or she must approve a merger pursuant to an application under this Part if satisfied that— > > > > > (a) this Part has been complied with in relation to the application; and > > > > > (b) the proposed rules of the merged co-operative are adequate; and > > > > > (c) the certificate of registration of the local co-operative has been surrendered to the local Registrar; and > > > > > (d) the certificate of registration of the participating co-operative has been surrendered to the Registrar for the participating jurisdiction concerned; and > > > > > (e) there is no good reason why the merged co-operative and its rules should not be registered. > > > (2) If the local Registrar is not the appropriate Registrar, he or she must approve a merger pursuant to an application under this Part if satisfied that the merger has been approved under the provision of the co-operatives law of the participating jurisdiction that corresponds with subsection (1). > > > (3) On approving an application for merger, the local Registrar must— > > > > > (a) cancel the registration of the local co-operative involved in the merger; and > > > > > (b) if the merger is to result in a local co-operative, register the merged co-operative and its rules and issue to it a certificate of registration under this Law. > > > (4) A merger takes effect on the issue of the certificate of registration for the merged co-operative (whether under this Law or under the co-operatives law of the participating jurisdiction concerned).