Co-operatives Act, 2005 (Act No. 14 of 2005)

Chapter 8 : Amalgamation, Division, Conversion and Transfer

58. Effect of registration of amalgamated co-operative

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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.