Financial Institutions (Protection of Funds) Act, 2001
R 385
Co-operatives Act, 2005 (Act No. 14 of 2005)Chapter 8 : Amalgamation, Division, Conversion and Transfer58. Effect of registration of amalgamated co-operative |
As from the date stated on the certificate of registration—
| (a) | the amalgamation of the amalgamating co-operatives and their continuance as one co-operative become effective, |
| (b) | the registration of the amalgamating co-operatives is cancelled; |
| (c) | members of the amalgamating co-operatives become members of the amalgamated co-operative; and |
| (d) | the assets, rights, liabilities and obligations of the amalgamating co-operatives become the assets, rights, liabilities and obligations of the amalgamated co-operative. |
