Co-operatives National Law (Queensland)
sec.396Requirements before application can be made
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sec.396 Requirements before application can be made
Before co-operatives can apply for approval under this Division of a merger or transfer of engagements, the proposed merger or transfer must have been approved by each of the co-operatives by— a special resolution passed by a special postal ballot; or if permitted by subsection (2) —a resolution of the board of the co-operative. The proposed merger or transfer of engagements may be approved by resolution of the board of a co-operative if the Registrar consents to the procedure applying in the particular case. (sec.396-ssec.1) Before co-operatives can apply for approval under this Division of a merger or transfer of engagements, the proposed merger or transfer must have been approved by each of the co-operatives by— a special resolution passed by a special postal ballot; or if permitted by subsection (2) —a resolution of the board of the co-operative. (sec.396-ssec.2) The proposed merger or transfer of engagements may be approved by resolution of the board of a co-operative if the Registrar consents to the procedure applying in the particular case.
- (a) a special resolution passed by a special postal ballot; or
- (b) if permitted by subsection (2) —a resolution of the board of the co-operative.