Singapore legislation
Clause 102
Clause 102
Repeal and saving
(1)
The Co-operative Societies Act (Cap. 86) (G.N. No. S 343/53.)and the Co-operative Societies Rules, 1953, are hereby repealed.
(2)
A society which was immediately before the commencement of this Act registered under the provisions of the repealed Co-operative Societies Act shall be deemed to be a society registered under this Act.
(3)
Societies registered or deemed to be registered under the repealed Co-operative Societies Act shall, subject to subsection (4), adopt their by-laws in conformity with this Act not later than two years after the commencement of this Act.
(4)
A society that is registered under the repealed Co-operative Societies Act shall not be bound to adopt its by-laws in conformity with Part V of this Act if its by-laws provide for a different organisational and management structure from that laid down in Part V.