South Australian Consolidated Acts

CO-OPERATIVES ACT 1997 - SECT 28

28—Conversion of co-operative

        (1)         A co-operative may, by alteration of its rules, convert from—

            (a)         a co-operative with share capital to a co-operative without share capital or vice versa; or

            (b)         a trading co-operative to a non-trading co-operative or vice versa.

        (2)         An alteration of the rules for the conversion of a co-operative must be approved by special resolution passed by means of a special postal ballot.