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Co-operative Societies Regulations 1953 Amendment Act 1970

COOK ISLANDS

COOK ISLANDS CO-OPERATIVE SOCIETIES
REGULATIONS 1953 AMENDMENT ACT 1970

ANALYSIS

Title
1. Short Title
2. Interpretation
3. New Part Inserted

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1970, No. 8

An Act to amend the Cook Islands Co-operative Societies Regulations 1953

(22 September 1970

BE IT ENACTED by the Legislative Assembly of the Cook Islands in Session assembled, and by the authority of the same, as follows:

1. Short Title - This Act may be cited as the Cook Islands Co-operative Societies Regulations 1953 Amendment Act 1970 and shall be read together with and deemed part of the Cook Islands Co-operative Societies Regulations 1953 (hereinafter referred to as "the Regulations").

2. Interpretation - Regulation 3 of the Regulations is hereby amended by inserting in the definition of the term "Registered society" after the words "co-operative society" and before the words "registered under" the words "and special society".

3. New Part inserted - The Regulations are hereby further amended by inserting after Part II and before Part III a new Part as follows:

"PART IIA

9A. Registration of special societies - (1) Notwithstanding any other provision in these Regulations, a society which has as its principal object the investment of its funds in any existing corporation or company carrying on business exclusively in the Cook Islands or any corporation or company to be formed with the purpose of carrying on business exclusively in the Cook Islands may be registered under these Regulations as a special society with limited liability."

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