Subpart 2—Community trusts

Conversion of licensing trust to community trust

351 Resolution to convert licensing trust to community trust

(1)

The members of a licensing trust may resolve that the trust be converted to a community trust.

(2)

The members must not, within 12 months after any poll held under section 356, pass a resolution for conversion of the licensing trust to a community trust.

Compare: 1989 No 63 s 219A