Co-operative Companies Amendment Act 2004

Co-operative Companies Amendment Act 2004

Public Act2004 No 25
Date of assent14 April 2004

The Parliament of New Zealand enacts as follows:

1 Title
2 Commencement
  • This Act comes into force on the day after the date on which it receives the Royal assent.

3 Heading above section 29 amended
  • The heading above section 29 of the principal Act is amended by adding the words and Securities Act 1978.

4 Modified application of Companies Act 1993
  • Section 29(a) of the principal Act is amended by inserting, after the expression section 43(1), the words and section 47(5).

5 New section 29A inserted
  • The principal Act is amended by inserting, after section 29, the following section:

    29A Modification of application of Securities Act 1978
    • (1) Section 54 of the Securities Act 1978 does not apply in respect of any equity security offered by a co-operative company to any person who is or is to be a transacting shareholder.

      (2) In this section, equity security and offered have the same meanings as in the Securities Act 1978.


Legislative history

6 April 2004Divided from Business Law Reform Bill (Bill 56-2), third reading