Older Persons Act, 2006
R 385
Co-operatives Act, 2005 (Act No. 14 of 2005)RegulationsCo-operatives Administrative Regulations, 2016Chapter 2 : Winding Up and Judicial Management of Co-operativesPart A : Winding-Up of Co-operativesLiquidators79. Giving of security by liquidator |
| (1) | A liquidator will not be deemed to be appointed until he has given security to the satisfaction of the registrar for the proper performance of his or her functions as liquidator. |
| (2) | The cost of giving such security to an amount which the registrar considers reasonable will form part of the costs of liquidation of the co-operative concerned. |
| (3) | The registrar may on written request by a liquidator consent to a decrease in the security given by such liquidator. |
