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Co-operative Companies Act 1996 (No. 24).

Country/Territory
New Zealand
Document type
Legislation
Date
1996 (2013)
Source
FAO, FAOLEX
Long title
An Act to reform the law relating to co-operative companies.
Subject
Agricultural & rural development
Keyword
Basic legislation Agricultural development Cooperative/producer organization Registration
Geographical area
Asia and the Pacific, Australia and New Zealand, Oceania, South Pacific
Abstract

This Act, consisting of 51 sections divided into four Parts and completed by three Schedules, reforms the law relating to co-operative companies and, in particular aims to: a) reaffirm the value of the co-operative company as a means of facilitating its shareholders carrying on business on a mutual basis; b) provide for the registration of co-operative companies and regulate the relationship between co-operative companies and their shareholders; c) provide for the registration of existing co-operative companies and existing companies as co-operative companies under this Act at the same time as they re-register as companies under the Companies Act 1993. The Act is divided as follows: Co-operative companies (Part 3); Special provisions applying to co-operative dairy companies (Part 3); Miscellaneous provisions (Part 4).

Full text
English
Website
www.legislation.govt.nz