NSWIn ForceAct
Co-operatives (Adoption of National Law) Act 2012
83Bonus share issues
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#### 83 Bonus share issues
83 Bonus share issues
> > (1) A distributing co-operative may issue bonus shares to members of the co-operative if the assets of the co-operative—
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> > > (a) have been sold at a profit; or
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> > > (b) have been revalued at a greater value than that disclosed before the revaluation in the books of the co-operative.
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> > (2) This section does not apply if the assets were acquired for resale at a profit.