396Requirements before application can be made

396 Requirements before application can be made (1) Before co-operatives can apply for approval under this Division of a merger or transfer of engagements, the proposed merger or transfer must have been approved by each of the co-operatives by: (a) a special resolution passed by a special postal ballot; or (b) if permitted by subsection (2) – a resolution of the board of the (2) The proposed merger or transfer of engagements may be approved by resolution of the board of a co-operative if the Registrar consents to the procedure applying in the particular case.