Western Australian Numbered Acts Western Australian Numbered Acts (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
distributing co-operative to a non-distributing co-operative or vice versa.
(2) An alteration of
the rules for the conversion of a co-operative with share capital to a
co-operative without share capital cannot be passed until at least 2 weeks
after a notice has been published in a newspaper circulating generally in the
district in which the registered office of the co-operative is situated
advising of the proposal to submit the proposed alteration to members of the
co-operative.
(3) 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.