Western Australian Numbered Acts

CO-OPERATIVES ACT 2009 (NO. 24 OF 2009) - SECT 159

159 .         Transfer on death of member

        (1)         Despite sections 75 and 76, on the death of a member, the member’s share in the co-operative may be transferred to a person other than an administrator or executor with the consent of the board of the co-operative.

        (2)         The board may only give its consent under subsection (1) if there are reasonable grounds for believing that the person will be an active member of the co-operative.