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Co-operatives (National Uniform Legislation) Act 2015
379Consequences of prohibited offer
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379 Consequences of prohibited offer (1) If a person makes an offer to purchase shares in a co-operative in contravention of this Division: (a) the person cannot be registered as the holder of the shares (b) if the transfer of the shares is registered – the person cannot vote at a meeting of the co-operative. (2) A vote cast by or for a member when the member cannot vote because of this section must be disregarded.