VICIn ForceAct
Co-operatives National Law Application Act 2013
431Schemes and contracts to which this Division applies
Start here
Get a plain-English read of 431
Turn the raw legal text into a practical explanation grounded in Co-operatives National Law Application Act 2013.
431 Schemes and contracts to which this Division applies
(1) This Division applies to a scheme or contract involving a transfer of shares in a co-operative (the transferor) to a person (the transferee) that has, within 4 months after the making of the offer relating to the scheme or contract by the transferee, been approved by the holders of at least 90% in nominal value of all the shares concerned (other than excluded shares).
(2) This Division does not apply to a scheme or contract arising out of the making of an offer to which Division 2 of Part 3.5 applies.