249When special postal ballot is required

249 When special postal ballot is required

249 When special postal ballot is required

The board of a co-operative must conduct a special postal ballot when required by a provision of this Law.

Note—

Voting by special postal ballot is provided for by this Law as follows—

(a) conversion of—

(i) a co-operative with share capital to a co-operative without share capital, or vice versa; or

(ii) a distributing co-operative to a non-distributing co-operative, or vice versa;

(see section 35);

(b) a special resolution to require members to take up or subscribe for additional shares and a special resolution to deduct amounts for additional shares (see section 82);

(c) a special resolution on the requisition of members (see section 250);

(d) a special resolution to require members to lend money to the co-operative (see section 343);

(e) an acquisition or disposal of certain assets (see section 359);

(f) the maximum permissible level of share interest in a co-operative (see section 363);

(g) certain share offers (see section 374);

(h) a merger (see sections 396 and 476);

(i) a transfer of engagements (see sections 396 and 476);

(j) a transfer of incorporation (see section 404);

(k) a compromise or arrangement between a co-operative and its members (see section 414);

(l) a members’ voluntary winding up (see section 445).