law: Co-Operative Societies Act 2008 
  179.
  
  Application of Part XI
  1.      This Part does not
  
  apply to a society that is bankrupt within the meaning of the Bankruptcy Act.
  2.      Where a society is at
  
  any time found in proceedings pursuant to he Bankruptcy Act, to be bankrupt
  
  within the meaning of that Act, any proceedings taken pursuant to this Part to
  
  dissolve or to liquidate and dissolve the society are stayed.