390Additional powers of Registrar

390 Additional powers of Registrar (1) If the Registrar appoints directors of a co-operative under section 387, the Registrar may, by written notice given to the co-operative, state: (a) a time during which this section is to apply to the co-operative; and (b) the terms on which all or any of the directors hold office; and (c) the rules that are to be the rules of the co-operative. (2) While this section applies to a co-operative, the Registrar may: (a) remove and appoint directors; and (b) vary, revoke or state new terms in place of all or any of the terms stated under subsection (1); and (c) amend all or any of the rules stated under subsection (1). (3) The Registrar may, by written notice given to the co-operative, extend the time for which this section is to apply to a co-operative. (4) A rule stated by the Registrar under this section to be a rule of a (a) must not to be amended other than in the way set out in this section; and (b) if it is inconsistent with another rule of the co-operative – prevails over the other rule (and the other rule is inoperative to the extent of the inconsistency); and (c) has the same evidentiary value as is by this Law accorded to the rules of the co-operative and to copies of them.

Co-operatives (National Uniform Legislation) Act 2015 244