Co-Operative Societies Act 2008
Part
X Receivers and Receiver-Managers
150.
Receiver appointed by Registrar
Where,
in the opinion of the Registrar, based on the results of an examination
undertaken pursuant to section 180, it is necessary to appoint a
receiver-manager to protect the equity of the members, the Registrar may,
subject to the approval of the Minister, appoint a receiver-manager.