385Appointment of administrator by Registrar

385 Appointment of administrator by Registrar

(1) The Registrar may, by written notice, appoint an administrator to conduct the affairs of a co-operative.

(2) A notice of appointment must state:

(a) the date of appointment; and

(b) the appointee’s name; and

(c) the appointee’s business address.

(3) If the appointee’s name or business address changes, the appointee must immediately give written notice of the change to the Registrar.

(4) The Registrar must not appoint an administrator unless the necessary grounds for taking the action exist, as referred to in section 455.