Co-operatives National Law (Queensland)
sec.399Approval of merger
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sec.399 Approval of merger
The Registrar must approve a merger under an application under this Division if satisfied— this Division and the National Regulations have been complied with in relation to the application; and the proposed rules of the merged co-operative are consistent with this Law and may reasonably be approved; and the certificates of registration of the co-operatives have been surrendered to the Registrar; and there is no good reason why the merged co-operative and its rules should not be registered. On approving an application for merger, the Registrar must— cancel the registration of the co-operatives involved in the merger; and register the merged co-operative and its rules; and issue to the merged co-operative a certificate of registration under this Law. A merger takes effect on the issue of the certificate of registration for the merged co-operative. (sec.399-ssec.1) The Registrar must approve a merger under an application under this Division if satisfied— this Division and the National Regulations have been complied with in relation to the application; and the proposed rules of the merged co-operative are consistent with this Law and may reasonably be approved; and the certificates of registration of the co-operatives have been surrendered to the Registrar; and there is no good reason why the merged co-operative and its rules should not be registered. (sec.399-ssec.2) On approving an application for merger, the Registrar must— cancel the registration of the co-operatives involved in the merger; and register the merged co-operative and its rules; and issue to the merged co-operative a certificate of registration under this Law. (sec.399-ssec.3) A merger takes effect on the issue of the certificate of registration for the merged co-operative.
- (a) this Division and the National Regulations have been complied with in relation to the application; and
- (b) the proposed rules of the merged co-operative are consistent with this Law and may reasonably be approved; and
- (c) the certificates of registration of the co-operatives have been surrendered to the Registrar; and
- (d) there is no good reason why the merged co-operative and its rules should not be registered.
- (a) cancel the registration of the co-operatives involved in the merger; and
- (b) register the merged co-operative and its rules; and
- (c) issue to the merged co-operative a certificate of registration under this Law.