Regulation 2
Exemption from section 89(3) of Act
of Co-operative Societies (Exemption under Section 97) (No. 2) Order 2017
Subsidiary LegislationIn forceProvision 2 of 2
Regulation 2
NorthLight School Multipurpose Co‑operative Limited is exempt from section 89(3) of the Act, insofar as —
(a)
any moneys remaining after the application of its funds to the purposes specified in section 88 of the Act; and
(b)
any sums unclaimed after 2 years from the date of cancellation of its registration,are to be donated to the General Fund of NorthLight School, instead of being transferred to the Co‑operative Societies Liquidation Account.