Western Australian Numbered Acts Western Australian Numbered Acts (1) A share in a
co-operative other than a transferred co-operative must not be allotted unless
at least 10% of the nominal value of the share has been paid.
(2) Any balance unpaid
for shares at the time of allotment must be paid in a way specified in the
rules of the co-operative or permitted by this Act.
(3) This section does
not apply to a bonus share issued under section 147 or 271.