386Effect of appointment of administrator

386 Effect of appointment of administrator (1) On the appointment of an administrator of a co-operative: (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. (2) An administrator of a co-operative has the functions of the board of the co-operative, including the board's powers of delegation. (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.