sec.242Effect of special resolution

sec.242 Effect of special resolution

A special resolution has effect from the date it is passed. 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. 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. Subsection (2) and sections 243 and 244 do not apply to a special resolution amending the rules of a co-operative. Part 2.3 deals with amendments to rules and when amendments take effect. (sec.242-ssec.1) A special resolution has effect from the date it is passed. (sec.242-ssec.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. 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. (sec.242-ssec.3) Subsection (2) and sections 243 and 244 do not apply to a special resolution amending the rules of a co-operative. Part 2.3 deals with amendments to rules and when amendments take effect.