NSWIn ForceAct
Co-operatives National Law (NSW)
347Financial accommodation provisions apply to issue of CCUs
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347 Financial accommodation provisions apply to issue of CCUs
347 Financial accommodation provisions apply to issue of CCUs
(1) The issuing of CCUs is to be considered to be the obtaining of financial accommodation and accordingly Division 1 applies to the issue of CCUs.
(2) For the purpose of that Division, a CCU is to be considered to be a debenture.