Co-operatives Act, 2005 (Act No. 14 of 2005)

Regulations

Purchase

After the commencement of the winding-up of a co-operative—

(a)	no civil proceedings to which the co-operative is a party may be instituted or proceeded with until a liquidator has been appointed under regulation 14(1)(a);

(b)	any attachment or execution put into force against an asset of the co-operative under a judgement given by a court before the commencement of the winding-up will be void.