78Minimum paid up amount

78 Minimum paid up amount (1) A share must not be allotted unless at least 10% of the nominal value of the share has been paid.

Co-operatives (National Uniform Legislation) Act 2015 68 (2) Any balance unpaid for shares at the time of allotment must be paid in a way specified in the rules of the co-operative or permitted by (3) This section does not apply to a bonus share issued under section 83 or 357. (4) This section does not affect shares issued before the commencement of this section in this jurisdiction if the Co-operatives National Law Act of this jurisdiction so provides.