Co-operatives National Law (Queensland)
sec.386Effect of appointment of administrator
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sec.386 Effect of appointment of administrator
On the appointment of an administrator of a co-operative— the directors of the co-operative cease to hold office; and all contracts for the provision of secretarial or administrative services for the co-operative are terminated; and the administrator may terminate any contract of employment with the co-operative or any contract for providing other services to the co-operative. An administrator of a co-operative has the functions of the board of the co-operative, including the board’s powers of delegation. A director of a co-operative must not be appointed or elected while the administrator is in office except as provided by this Division. (sec.386-ssec.1) On the appointment of an administrator of a co-operative— the directors of the co-operative cease to hold office; and all contracts for the provision of secretarial or administrative services for the co-operative are terminated; and the administrator may terminate any contract of employment with the co-operative or any contract for providing other services to the co-operative. (sec.386-ssec.2) An administrator of a co-operative has the functions of the board of the co-operative, including the board’s powers of delegation. (sec.386-ssec.3) A director of a co-operative must not be appointed or elected while the administrator is in office except as provided by this Division.
- (a) the directors of the co-operative cease to hold office; and
- (b) all contracts for the provision of secretarial or administrative services for the co-operative are terminated; and
- (c) the administrator may terminate any contract of employment with the co-operative or any contract for providing other services to the co-operative.