NIGERIAN CO-OPERATIVE SOCIETIES ACT
Section 12: Amendment of bye-laws of a registered society.
(1) A registered society may, subject to this Act, amend its bye-laws, including the bye-law which describes the name of the society.
(2) No amendment of the bye-laws of a registered society shall be valid until it has been registered under this Act, and for that purpose three copies of the amendment shall be forwarded to the Director.
(3) If the Director is satisfied that an amendment of the society's bye-law is not contrary to this Act or to the regulations made under it, he shall register the amendment.
(4) If the Director refuses to register an amendment, the society may within two calendar months from the date of notification to it by the Director of his refusal to register an amendment of any bye-law, appeal to the Minister or Commissioner against the refusal.
(5) An amendment which changes the name of the society shall not affect any right or obligation of the society or any of its members, and any legal proceedings pending may continue against or in favour of the society under its new name.
(6) When the Director registers an amendment of a bye-law, he shall issue to the society a copy of the amendment certified and sealed by him, and such copy so certified and sealed shall be conclusive evidence that the amendment has been duly registered.
(7) In this section, "amendment" includes the making of a new bye-law and the variation or revocation of a bye-law.
Cite this section
Section 12, NIGERIAN CO-OPERATIVE SOCIETIES ACT (1993).
https://repo.podus.ai/laws/nigerian-co-operative-societies-act/section/12/