Australian Capital Territory Consolidated Acts

COOPERATIVES ACT 2002 - SECT 209

    (1)     The board of a cooperative must call a general meeting of the cooperative on the written requisition of the number of members who together can cast at least 20% (or, if a lesser percentage is provided under the rules of the cooperative, the lesser percentage) of the total number of votes that can be cast at a meeting of the cooperative.

    (2)     A member is entitled to be a requisitioning member only if the member is an active member.

    (3)     A requisition for a general meeting must—

        (a)     state the objects of the meeting; and

        (b)     be signed by the requisitioning members (and may consist of several documents in like form each signed by 1 or more of the requisitioning members); and

        (c)     be served on the cooperative by being lodged at the registered office of the cooperative.

    (4)     The meeting must be called and held as soon as practicable and in any case must be held within 2 months after the day the requisition is served.

    (5)     If the board does not call the meeting within 21 days after the requisition is served, the following provisions apply:

        (a)     the requisitioning members (or any of them representing at least half their aggregate voting rights) may call the meeting in the same way as nearly as possible as meetings are called by the board;

        (b)     for that purpose they may ask the cooperative to supply a written statement setting out the names and addresses of the people entitled when the requisition was served to receive notice of general meetings of the cooperative;

        (c)     the board must send the requested statement to the requisitioning members within 7 days after the day the request for the statement is received;

        (d)     the meeting called by the requisitioning members must be held not later than 3 months after the requisition is served;

        (e)     any reasonable expenses incurred by the requisitioning members because of the board's failure to call the meeting must be paid by the cooperative;

        (f)     any amount required to be paid by the cooperative under paragraph (e) must be deducted by the cooperative from any amount owing by the cooperative, by way of fees or other remuneration, to the directors who were in default.