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In forceAs enacted

Subsidiary Legislation

Co-operative Societies (Exemption under Section 97) Order 2015

The text

reg 1Citation and commencement

This Order may be cited as the Co‑operative Societies (Exemption under Section 97) Order 2015 and comes into operation on 16 November 2015.

reg 2Exemption from section 89(3) of Act

ExxonMobil Employees’ 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 Children’s Cancer Foundation, instead of being transferred to the Co‑operative Societies Liquidation Account.