245 - Conditions for accepting application

Question 1

1

Answer 1

Whether member/depositor is acting in good faith

Question 2

2

Answer 2

Involvement of any other person other than director if any

Question 3

3

Answer 3

Views of other members and depositors

Question 4

4

Answer 4

Where course of action is on act/omission

• Already occurred - whether it is likely to be ratified by co.
• Yet to occur - whether it is likely to be authorised by co before occurrence or ratified after occurrence