Co-operatives National Law (Queensland)
sec.30Formation meeting (existing corporation)
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sec.30 Formation meeting (existing corporation)
Before applying for registration as a co-operative, the corporation must, at the formation meeting, by a resolution approve of— the proposed registration; and any amendment of its existing constituent documents necessary to enable the corporation to comply with this Law; and the proposed rules of the proposed co-operative approved under section 24 , including active membership provisions. The formation disclosure statement approved under section 25 must be presented to the formation meeting, in the case of— a proposed distributing co-operative; or a proposed non-distributing co-operative that is the subject of a direction under section 23 (2). A resolution under this section must have been passed by a two-thirds majority of eligible members present at the formation meeting. Section 32 (5) provides that, despite anything to the contrary in this Division, the registration of a corporation as a co-operative does not take effect until the corporation ceases to be registered under the law under which it was previously registered. (sec.30-ssec.1) Before applying for registration as a co-operative, the corporation must, at the formation meeting, by a resolution approve of— the proposed registration; and any amendment of its existing constituent documents necessary to enable the corporation to comply with this Law; and the proposed rules of the proposed co-operative approved under section 24 , including active membership provisions. (sec.30-ssec.2) The formation disclosure statement approved under section 25 must be presented to the formation meeting, in the case of— a proposed distributing co-operative; or a proposed non-distributing co-operative that is the subject of a direction under section 23 (2). (sec.30-ssec.3) A resolution under this section must have been passed by a two-thirds majority of eligible members present at the formation meeting.
- (a) the proposed registration; and
- (b) any amendment of its existing constituent documents necessary to enable the corporation to comply with this Law; and
- (c) the proposed rules of the proposed co-operative approved under section 24 , including active membership provisions.
- (a) a proposed distributing co-operative; or
- (b) a proposed non-distributing co-operative that is the subject of a direction under section 23 (2).