Co-operatives Act, 2005 (Act No. 14 of 2005)

Regulations

Co-operatives Administrative Regulations, 2016

Chapter 2 : Winding Up and Judicial Management of Co-operatives

Part A : Winding-Up of Co-operatives

Provisional winding up

73. Effects of winding-up on legal proceedings
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After the commencement of the winding-up of a co-operative—

(a)no civil proceedings to which the co-operative is a party may be instituted or proceeded with until a liquidator has been appointed under regulation 14(1)(a);
(b)any attachment or execution put into force against an asset of the co-operative under a judgement given by a court before the commencement of the winding-up will be void.