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Co-operative bank restructuring defines amalgamation, demerger and conversion with membership and shareholding thresholds. Definitions provide that amalgamation transfers all assets and liabilities to the amalgamated co operative bank and requires members with 75% voting rights and shareholders holding 75% in value to become members and shareholders of the amalgamated bank, subject to specified exceptions.
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<h1>Co-operative bank restructuring defines amalgamation, demerger and conversion with membership and shareholding thresholds.</h1> Definitions provide that amalgamation transfers all assets and liabilities to the amalgamated co operative bank and requires members with 75% voting rights and shareholders holding 75% in value to become members and shareholders of the amalgamated bank, subject to specified exceptions.
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