393Application of Corporations Act—receivers and other controllers of property of co-operatives

393 Application of Corporations Act—receivers and other controllers of property of co-operatives

Part 4.3 Mergers and transfers of engagements

Division 1 Merger or transfer of engagements

394 Application of this Division

395 Mergers and transfers of engagements of local co-operatives

396 Requirements before application can be made

397 Disclosure statement required

398 Making an application

399 Approval of merger

400 Approval of transfer of engagements

401 Transfer of engagements by direction of Registrar

Division 2 Transfer of incorporation

402 Meaning of “new body” and “transfer”

403 Application for transfer

404 Requirements before application can be made

405 New body ceases to be registered as co-operative

406 Transfer not to impose greater liability etc

407 Effect of new certificate

408 Copy of new certificate to be given to Registrar

409 New body is a continuation of the co-operative

Division 3 Effect of merger or transfer on assets and liabilities

410 How this Division applies to a merger

411 How this Division applies to a transfer of engagements

412 How this Division applies to a transfer of incorporation

413 Effect of merger or transfer on assets and liabilities

Part 4.4 Compromises and arrangements

Division 1 General requirements

414 Requirements for binding compromise or arrangement

415 Court ordered meeting of creditors

416 Registrar to be given notice and opportunity to make submissions

417 Results of 2 or more meetings

418 Persons disqualified from administering compromise or arrangement

419 Application of Corporations Act to person appointed to administer compromise or arrangement

420 Application of Corporations Act—person appointed to administer compromise or arrangement

421 Copy of order to be attached to rules

422 Directors to arrange for reports

423 Power of Court to restrain further proceedings

424 Court need not approve compromise or arrangement takeovers

425 Provisions for facilitating reconstructions and mergers

426 Costs for Registrar