Co-operatives (National Uniform Legislation) Act 2015
117Circumstances in which membership ceases – all
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117 Circumstances in which membership ceases – all (1) A person ceases to be a member of a co-operative in each of the following circumstances and as otherwise provided by this Law: (a) if the member's membership is cancelled under Part 2.6; (b) if the member is expelled or resigns under the rules of the
Co-operatives (National Uniform Legislation) Act 2015 85 (c) if: (i) the individual member becomes bankrupt or the corporate member becomes insolvent; or (ii) the member's property becomes subject to control under the law relating to bankruptcy; unless provision is made to the contrary in the rules of the (d) on the death of the member; (e) if the contract of membership is rescinded on the ground of misrepresentation or mistake; (f) for a member that is a corporation – if the corporation is deregistered. (2) On the death of a member, the member's estate remains liable as the member until the member's personal representative or some other person is registered in the member's place.