351Directors’ duties concerning CCUs

Start here

Get a plain-English read of 351

Turn the raw legal text into a practical explanation grounded in Co-operatives National Law Application Act 2013.

Ask Zoe about this section View in full context

351 Directors’ duties concerning CCUs

In discharging their duties, it is proper for the directors of a co-operative to take into account that the holders of CCUs, in their capacity as holders of CCUs, have none of the rights and entitlements of, and are not entitled to be regarded as, members of the co-operative.

Section 351 - Co-operatives National Law Application Act 2013 - Directors’ duties concerning CCUs | Zoe