The Registrar may not register any amalgamation, division, conversion or transfer of a co-operative unless the Registrar is satisfied that:

  • written notice of at least three months of the proposal has been given to each known creditor who has a claim exceeding one thousand rand or such amount as the Minister may from time to time prescribe;
  • any creditor who demanded payment of any amount due to them have been paid in full or will be paid before the amalgamation, division, conversion or transfer is effected; and
  • no creditor will be prejudiced by the amalgamation, division, conversion or transfer.