NSWIn ForceAct
Co-operatives National Law (NSW)
351Directors’ duties concerning CCUs
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351 Directors’ duties concerning CCUs
351 Directors’ duties concerning CCUs
In discharging their duties, it is proper for the directors of a co-operative to take into account that the holders of CCUs, in their capacity as holders of CCUs, have none of the rights and entitlements of, and are not entitled to be regarded as, members of the co-operative.