242Effect of special resolution

242 Effect of special resolution

242 Effect of special resolution

(1) A special resolution has effect from the date it is passed.

(2) However, a special resolution relating to anything for which a special resolution is required to be passed by special postal ballot has no effect until it is registered.

Note—

Section 446 provides that a members’ voluntary winding up of a co-operative starts when the result of the special postal ballot is noted in the minutes by the secretary of the co-operative.

(3) Subsection (2) and sections 243 and 244 do not apply to a special resolution amending the rules of a co-operative.

Note—

Part 2.3 deals with amendments to rules and when amendments take effect.