Part 5 — Capital Structure Division 1 Membership Capital
129 Acquisition of investment shares
may at any time acquire any investment share issued by it.
(2) A cooperative must not make a payment to acquire investment
shares if there are reasonable grounds to believe that
(a) the cooperative is, or after the payment would be, unable to
pay its liabilities as they become due, or
(b) the realizable value of the cooperative's assets after the
payment would be less than the total of the stated capital of
all its issued shares and its liabilities.
(3) Subject to section 131, a cooperative may at any time exercise
any right to redeem any of its investment shares in accordance with
any price or formula that is set out in its articles or, if no such price
or formula is set out in the articles, at fair market value.