Co-operatives National Law (Queensland)
sec.160Cancellation of membership prohibited in certain circumstances
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sec.160 Cancellation of membership prohibited in certain circumstances
Unless the National Regulations otherwise provide, the board of a co-operative must not declare the membership of a member to be cancelled under this Part— if the co-operative is insolvent; or if the co-operative is under administration under Part 5.3A of the Corporations Act as applying under this Law; or if a compromise or an arrangement is being administered in relation to the co-operative; or if the co-operative is in the course of being wound up; or if an appointment of a receiver (whether or not a receiver and manager) of any property of the co-operative is in force; or if the co-operative has, for the purpose of being registered as a company under the Corporations Act , filed with the Registrar a copy of the entry made in the minutes of the co-operative. The National Regulations may provide that the board of a co-operative must not declare the membership of a member to be cancelled under this Part in other circumstances that may be prescribed. (sec.160-ssec.1) Unless the National Regulations otherwise provide, the board of a co-operative must not declare the membership of a member to be cancelled under this Part— if the co-operative is insolvent; or if the co-operative is under administration under Part 5.3A of the Corporations Act as applying under this Law; or if a compromise or an arrangement is being administered in relation to the co-operative; or if the co-operative is in the course of being wound up; or if an appointment of a receiver (whether or not a receiver and manager) of any property of the co-operative is in force; or if the co-operative has, for the purpose of being registered as a company under the Corporations Act , filed with the Registrar a copy of the entry made in the minutes of the co-operative. (sec.160-ssec.2) The National Regulations may provide that the board of a co-operative must not declare the membership of a member to be cancelled under this Part in other circumstances that may be prescribed.
- (a) if the co-operative is insolvent; or
- (b) if the co-operative is under administration under Part 5.3A of the Corporations Act as applying under this Law; or
- (c) if a compromise or an arrangement is being administered in relation to the co-operative; or
- (d) if the co-operative is in the course of being wound up; or
- (e) if an appointment of a receiver (whether or not a receiver and manager) of any property of the co-operative is in force; or
- (f) if the co-operative has, for the purpose of being registered as a company under the Corporations Act , filed with the Registrar a copy of the entry made in the minutes of the co-operative.